Asset freezing legislation generally permits a person to make the following payments into a frozen account without the need for a licence from OFSI, so long as those funds are frozen after being paid in which of the following?

Asset freezing legislation generally permits a person to make the following payments into a frozen account without the need for a licence from OFSI, so long as those funds are frozen after being paid in which of the following?
A . Any interest on the account
B. Any earnings on the account
C. Any payments due to a designated person under contracts
D. Any agreement or obligations that were concluded or arose before the date the person became sanctioned
E. Any trademarks and patents created within the account

View Answer

Answer: A

Explanation:

Asset freezing legislation generally permits a person to make the following payments into a frozen account without the need for a licence from OFSI, so long as those funds are frozen after being paid in:

• any interest or earnings on the account

• any payments due to a designated person under contracts, agreement or obligations that were concluded or arose before the date the person became sanctioned