Section 303Z14(7)

Where money held in a frozen account is ordered to be forfeited under subsection (4)— 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