Giving notices to financial institutions
40AH Giving notices to financial institutions
A senior police officer may give a written notice to a financial institution requiring the institution to provide to an authorised officer any information or documents relevant to any one or more of the following:
determining whether an account is held by a specified person with the financial institution;
determining whether a particular person is a signatory to an account;
if a person holds an account with the institution, the current balance of the account;
details of transactions on such an account over a specified period of up to 6 months;
details of any related accounts (including names of those who hold those accounts);
a transaction conducted by the financial institution on behalf of a specified person.
The senior police officer must not issue the notice unless he or she reasonably believes that giving the notice is required:
to determine whether to take any action under this Division, or under the Proceeds of Crime Act 2002 in connection with the operation of this Division; or
in relation to proceedings under this Division, or under the Proceeds of Crime Act 2002 in connection with the operation of this Division.
A senior police officer is a person covered by paragraph 213(3)(a), (b) or (c) of the Proceeds of Crime Act 2002.
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