Schedule 4, Part 4B, paragraph 10W(6)

If no objection is made within the period for objecting, and the notice has not lapsed under paragraph 10Y— the amount of money stated in the notice is forfeited (subject to paragraph 10Z), 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.

← 5 · All articles · 7 →

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