16 Forfeiture of money held in bank and building society accounts
Criminal Finances Act 2017 (2017 c 22) | Legislation

16  Forfeiture of money held in bank and building society accounts

In Part 5 of the Proceeds of Crime Act 2002 (civil recovery of the proceeds etc of unlawful conduct), after section 303Z (inserted by section 15 above) insert—

“Chapter 3B
Forfeiture of Money Held in Bank and Building Society Accounts

Freezing of bank and building society accounts

303Z1 Application for account freezing order

(1)     This section applies if an enforcement officer has reasonable grounds for suspecting that money held in an account maintained with a bank or building society—

(a)     is recoverable property, or

(b)     is intended by any person for use in unlawful conduct.

(2)     Where this section applies (but subject to section 303Z2) 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)     For the purposes of this Chapter—

(a)     an account freezing order is an order that, subject to any exclusions (see section 303Z5), prohibits each person by or for whom the account to which the order applies is operated from making withdrawals or payments from the account;

(b)     an account is operated by or for a person

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