| (1) | A resolution adopted by the Security Council of the United Nations when acting under Chapter VII of the Charter of the United Nations, providing for financial sanctions which entail the identification of persons or entities against whom member states of the United Nations must take the actions specified in the resolution, has immediate effect for the purposes of this Act upon its adoption by the Security Council of the United Nations. |
| (1A) | A resolution contemplated in subsection (1) ceases to be in effect upon a decision of the Security Council of the United Nations to no longer apply that resolution. |
| (2) | [Section 26A(2) deleted by section 24(1) of the Protection of Constitutional Democracy against Terrorism and related activities Amendment Act, 2022 (Act No. 23 of 2022), Notice No. 1533, G47803, dated 29 December 2022 - effective 4 January 2023 per Proclamation Notice 110, GG47820, dated 4 January 2023] |
| (3) | The Director must, by appropriate means of publication, give notice of— |
| (Aa) | the adoption of a resolution by the Security Council of the United Nations contemplated in subsection (1); |
| (a) | persons and entities being identified from time to time by the Security Council of the United Nations pursuant to a resolution contemplated in subsection (1); |
| (b) | a decision of the Security Council of the United Nations to no longer apply a resolution contemplated in subsection (1A) to previously identified persons or entities; and |
| (c) | a decision of the Security Council of the United Nations to no longer apply a resolution contemplated in subsection (1A). |
[Section 26A substituted by section 28 of the General Laws (Anti-Money Laundering & Combating Terrorism Financing) Amendment Act, 2022 (Act No. 22 of 2022) Notice No. 1532, GG47802, dated 29 December 2022 - effective 31 December 2022 per Proclamation Notice 109 (a), GG47805, dated 31 December 2022]
