Section 303Z60

This section applies while any converted cryptoassets are detained under section 303Z57 or 303Z58. An application for the forfeiture of some or all of the converted cryptoassets may be made— to a magistrates’ court by a person within subsection (3), or to the sheriff by the Scottish Ministers. The following persons are within this subsection— the Commissioners for His Majesty’s Revenue and Customs, a constable, an SFO officer, and an accredited financial investigator who falls within a description specified in an order made for the purposes of this Chapter by the Secretary of State or the Welsh Ministers under section 453. The court or sheriff may order the forfeiture of some or all of the converted cryptoassets if satisfied that the converted cryptoassets to be forfeited— are recoverable property, or are intended by any person for use in unlawful conduct. But in the case of recoverable property which belongs to joint tenants, one of whom is an excepted joint owner, the order may not apply to so much of it as the court thinks is attributable to the excepted joint owner’s share. Where an application for forfeiture is made under this section, the converted cryptoassets are to continue to be detained under section 303Z57 or 303Z58 (and may not be released under any power conferred by this Chapter) until any proceedings in pursuance of the application (including any proceedings on appeal) are concluded.

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Source: legislation.gov.uk · retrieved 2026-09-04