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Confiscation of Criminal Assets Act 2003
152Meaning of transaction suspension order
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152 Meaning of transaction suspension order
transaction suspension order means an order under section 155
(Transaction suspension orders—making) requiring a financial
institution, on becoming aware of a transaction (including a proposed
transaction) to be conducted through a stated account, to—
(a) immediately tell a police officer about the transaction; and
(b) delay the processing of the transaction for 48 hours after the
institution becomes aware of the transaction.
account does not include a safe-deposit box.