Cap. 653 Art. 3Applicabilityofthe Act.

(1) This Act shall apply to legal persons, entities and bodies registered in Malta, natural persons resident in Malta, to citizens of Malta wherever they may be, or to vessels, aircraft or other means of transport registered in or belonging to Malta or travelling to or from such countries as the Minister may by means of regulations determine.

(2) Legal persons, entities or bodies as referred to in sub-article

(1) having branches or majority-owned subsidiaries established in third countries where restrictive measures are not aligned with this Act shall ensure that those branches or majority-owned subsidiaries implement the provisions of this Act in so for as that third country legislation permits the implementation of such provisions:

Provided where legal persons, entities or bodies have branches or majority-owned subsidiaries established in third countries, and the legislation of such third countries does not permit the implementation of the restrictive measures established under this Act, legal persons, entities or bodies shall ensure that those branches and majority-owned subsidiaries apply additional measures to effectively handle the risk of violations of restrictive measures and the circumvention of any restrictive measures.