Criminal Property Forfeiture Act 2002

The court that is hearing an application under section 28 may order a financial institution to give to the DPP or a police officer information about any or all transactions carried out through an account held with the institution by a person named in the order.

The court that is hearing an application under section 28 may order a financial institution:

to notify the DPP or a police officer immediately of any transaction that has been initiated in connection with an account held with the institution by a person named in the order; and

to notify the DPP or a police officer immediately if there are reasonable grounds for suspecting that a transaction is about to be initiated in connection with the account; and

to refrain from completing or effecting the transaction for

The court may make a monitoring order or a suspension order if there are reasonable grounds for suspecting that the person named in the order:

has been, or is about to be, involved in the commission of a forfeiture offence; or

has acquired, or is about to acquire, directly or indirectly, any crime-derived property; or

has benefited, or is about to benefit, directly or indirectly, from the commission of a forfeiture offence.

A monitoring order or a suspension order applies to all transactions carried out or to be carried out through the specified account during the monitoring period or suspension period specified in the order.

A monitoring order or a suspension order must specify:

the financial institution to which the order applies; and

the name or names in which the account is believed to be held;

the class of information that the institution is required to give; and

the manner in which the information is to be given; and

the monitoring period or suspension period in accordance with subsection (6).

The monitoring period of a monitoring order or suspension period of a suspension order:

is not to commence earlier than the day on which notice of the order is served on the financial institution; and

is to end not more than 3 months after the date of the order.