CRIMINAL ASSETS CONFISCATION ACT 2005 - SECT 19

CRIMINAL ASSETS CONFISCATION ACT 2005 - SECT 19

19—Notice of freezing order to be given to financial institution

        (1)         A freezing order issued in relation to an account at a financial institution takes effect on the date and at the time that notice of the order is given to the financial institution in accordance with this section.

        (2)         Notice of a freezing order may be given to a financial institution—

            (a)         by giving the financial institution a copy of the freezing order; or

            (b)         if the applicant for the order was not given a copy of the order at the time the order was made—by giving the financial institution a notice in the prescribed form.

        (3)         If notice of a freezing order is not given to the relevant financial institution within 72 hours after the order was made, the order will be of no force or effect.