FantasticSearch

1. It shall be prohibited to participate, knowingly and intentionally, in activities the object or effect of which is to circumvent the measures referred to in Article 2.

2. Natural or legal persons, entities or bodies listed in Annex I, shall:

(a) report within six weeks of the date of their listing in Annex I funds or economic resources within the jurisdiction of a Member State belonging to, owned, held or controlled by them to the competent authority of the Member State where those funds or economic resources are located; and (b) cooperate with that competent authority in the verification of such information.

3. Failure to comply with paragraph 2 shall be considered to be participation, as referred to in paragraph 1, in activities the object or effect of which is to circumvent the measures referred to in Article 2.

4. The Member State concerned shall inform the Commission within two weeks of the receipt of the information referred to in paragraph 2, point (a).

5. Any information provided or received in accordance with this Article shall be used only for the purposes for which it was provided or received.

6. Any processing of personal data shall be carried out in accordance with this Regulation and Regulations (EU) 2016/679 and (EU) 2018/1725 of the European Parliament and of the Council and only insofar as it is necessary for the application of this Regulation.