delete Territories to which the Order extends
This Order implements UN sanctions against Liberia by prohibiting the import of rough diamonds into UK Overseas Territories without a Governor-issued licence. It establishes criminal offences with penalties up to 7 years imprisonment, creates licensing authority for the Governor, and contains enforcement provisions for customs compliance. The Order extends to specified overseas territories and replaces an earlier article regarding publication of decisions in official gazettes.
This Order prohibits rather than regulates trade in rough diamonds from Liberia, imposing criminal penalties (up to 7 years imprisonment on indictment) for unlicensed imports. While implementing UN sanctions, it represents a wholesale trade restriction rather than a regulatory measure with legitimate purposes like preventing fraud or enforcing property rights. Britons are worse off under this regime because it: (1) criminalises voluntary commercial transactions between consenting parties; (2) imposes bureaucratic licensing requirements that add compliance costs; (3) restricts the freedom of UK businesses to engage in legitimate trade; and (4) provides no mechanism for individuals to prove legitimate acquisition of diamonds. UN sanctions obligations could be met through alternative means that do not impose such extensive criminal prohibitions on trade.