Schedule 4, paragraph 2(7)

Where money held in a frozen account is ordered to be forfeited under sub-paragraph (3)— the bank or building society with which the frozen account is maintained must transfer that amount of money into an interest-bearing account nominated by an enforcement officer, and immediately after the transfer has been made the account freezing order made in relation to the frozen account ceases to have effect.

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