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Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 26 April 2024 - onwards
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47R. Release of property

(1) This section applies in relation to property which -

(a) has been seized by an appropriate officer under section 47C, and

(b) is detained under or by virtue of any of sections 47J to 47M and 47P.

(2) The property must be released if at any time an appropriate officer decides that the detention condition is no longer met.

(3) The detention condition is met for so long as -

(a) any of the conditions in section 47B is met, and

(b) there are reasonable grounds for the suspicion mentioned in section 47C(1) or (5A).

(4) Nothing in this section requires property to be released if there is a power to detain it otherwise than under or by virtue of sections 47J to 47M and 47P.

(5) Nothing in this section affects the operation of any power or duty to release property that arises apart from this section.

(6) If a cryptoasset-related item which has been released is not claimed within the period of a year beginning with the date on which it was released, the appropriate officer may -

(a) retain

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