Cap. 653 Art. 1Short title and scope.

(1) The short title of this Act is the National Interest

(Enabling Powers) Act.

(2) The scope of this Act is to regulate the implementation of restrictive measures, including but not limited to domestic restrictive measures, United Nations Security Council Resolutions and European Union restrictive measures, and to implement the requisites and, or transpose:

(a) Directive (EU) 2024/1226 of the European Parliament and of the Council of 24 April 2024 on the definition of criminal offences and penalties for the violation of Union restrictive measures and amending Directive (EU) 2018/ 1673;

(b) Regulation (EU) 2024/886 of the European Parliament and of the Council of 13 March 2024 amending Regulations (EU) No. 260/2012 and (EU) 2021/1230 and Directives 98/26/EC and (EU) 2015/2366 as regards instant credit transfers in euro; and

(c) Regulation (EU) 2023/1113 of the European Parliament and of the Council of 31 May 2023 on information accompanying transfers of funds and certain crypto-assets and amending Directive (EU) 2015/849 (recast).