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(1) The Minister responsible for Foreign Affairs shall, without delay, forward to the Minister the listing or de-listing of any individual, entity or organisation by the United Nations Security Council in accordance with Chapter VII of the United Nations Charter as subject to financial sanctions or other restrictions related to terrorism or proliferation of weapons of mass destruction and particularly to the freezing of assets.

(2) The Minister shall, on the receipt of the information, inform institutions including

(a) the Bank of Ghana;

(b) the National Insurance Commission;

(c) the Securities and Exchange Commission;

(d the Customs Division of the Ghana Revenue Authority;

(e) the Ghana Immigration Service;

(f) the Ghana Real Estate Developers' Association;

(g) the General Legal Council;

(h) the Institute of Chartered Accountants;

(i) the Gaming Commission;

(j) the Precious Minerals and Marketing Company;

(k) the Financial Intelligence Centre;       I

(I) the Narcotics Control Board;

(m) the Economic and Organised Crime Office;

(n) The Ghana Police Service; 

(o) the National Security Council Secretariat; and.

(p) Any other institution that the Minister may determine.

(3) The Minister shall, within twenty-four hours, cause the listing or de-listing of a terrorist individual, entity or organisation to be published in the Gazette and the institutions specified under sub-regulation (2) shall inform institutions, businesses or individuals which they supervise, represent or license.

(4) An institution, business or individual supervised, represented or licensed by the institutions specified under sub-regulation (2) shall review its records and activities and take the appropriate action as required by the institution, business or individual including reporting the holding of any asset associated with an individual, entity or organisation listed by the United Nations Security Council.

(5) An accountable institution, business or individual shall submit the required information to the Financial Intelligence Centre established under section 4 of the Anti-Money Laundering Act, 2008 (Act 749) which shall inform the Inter Ministerial Committee on Anti-Money Laundering and Counter Financing of Terrorism established in accordance with the Instructions issued by Executive Instrument by the Minister in accordance with section 37A of the Act. .

(6) The Minister shall, on the advice of the Inter Ministerial Committee, seek an order by the High Court under section 5 (2) of the Act or a declaration under section 19 of the Act.