10 Power to extend moratorium period
Criminal Finances Act 2017 (2017 c 22) | Legislation

Chapter 2
Money Laundering

10  Power to extend moratorium period

(1)     Part 7 of the Proceeds of Crime Act 2002 (money laundering) is amended as follows.

(2)     In section 335 (appropriate consent), after subsection (6) insert—

“(6A)     Subsection (6) is subject to—

(a)     section 336A, which enables the moratorium period to be extended by court order in accordance with that section, and

(b)     section 336C, which provides for an automatic extension of the moratorium period in certain cases (period extended if it would otherwise end before determination of application or appeal proceedings etc).”

(3)     In section 336 (nominated officer: consent), after subsection (8) insert—

“(8A)     Subsection (8) is subject to—

(a)     section 336A, which enables the moratorium period to be extended by court order in accordance with that section, and

(b)     section 336C, which provides for an automatic extension of the moratorium period in certain cases (period extended if it would otherwise end before determination of application or appeal proceedings etc).”

(4)     After section 336 insert—

“336A Power of court to extend the moratorium period

(1)     The court may, on an application under this section, grant an extension of a moratorium period if satisfied that—

(a)     an investigation

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