(1) Where the High Court issues

(a) an order to freeze the funds of a person engaged in terrorism or proliferation of weapons of mass destruction in accordance with section 5(2) of the Act, or

(b) a declaration that an entity is a specified entity under section 19 of the Act

the Minister shall, within twenty-four hours inform the institutions specified under regulation 5(2) and publish the order in the Gazette within seven days.

(2) The institutions specified under regulation 5 (2) shall monitor and secure compliance with the Act by the institutions, businesses or individuals which the institutions specified under regulation 5 (2) supervise, represent or license.