29Monitoring and suspension orders

29 Monitoring and suspension orders (1) 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.

Criminal Property Forfeiture Act 2002 21 (2) The court that is hearing an application under section 28 may order a financial institution: (a) 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 (b) 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 (c) to refrain from completing or effecting the transaction for 48 hours. (3) 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: (a) has been, or is about to be, involved in the commission of a forfeiture offence; or (b) has acquired, or is about to acquire, directly or indirectly, any crime-derived property; or (c) has benefited, or is about to benefit, directly or indirectly, from the commission of a forfeiture offence. (4) 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. (5) A monitoring order or a suspension order must specify: (a) the financial institution to which the order applies; and (b) the name or names in which the account is believed to be held; and (c) the class of information that the institution is required to give; and (d) the manner in which the information is to be given; and (e) the monitoring period or suspension period in accordance with subsection (6).

Criminal Property Forfeiture Act 2002 22 (6) The monitoring period of a monitoring order or suspension period of a suspension order: (a) is not to commence earlier than the day on which notice of the order is served on the financial institution; and (b) is to end not more than 3 months after the date of the order.