Schedule 1, Part 4B Forfeiture of Terrorist Money Held in Certain Accounts (paras. 10Q-10Z7)

Application for account freezing order

10Q

(1) This paragraph applies if an enforcement officer has reasonable grounds for suspecting that money held in an account maintained with a relevant financial institution -

(a) is within subsection (1)(a) or (b) of section 1, or

(b) is property earmarked as terrorist property.

(1A) In this Part of this Schedule, "relevant financial institution" means -

(a) a bank,

(b) a building society,

(c) an electronic money institution, or

(d) a payment institution.

(2) Where this paragraph applies the enforcement officer may apply to the relevant court for an account freezing order in relation to the account in which the money is held.

(3) But -

(a) an enforcement officer may not apply for an account freezing order unless the officer is a senior officer or is authorised to do so by a senior officer, and

(b) the senior officer must consult the Treasury before making the application for the order or (as the case may be) authorising the application to be made

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