Section 16(6)

If no objection is made within the period for objecting, and the notice has not lapsed under section 303Z11— the amount of money stated in the notice is forfeited (subject to section 303Z12), 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