Criminal Finances Act 2017

39 (1) Section 341 (investigations for purposes of Part 8) is amended as follows. U.K.

(2) In subsection (3)—

(a) omit “or” at the end of paragraph (c);

(b) in paragraph (d), after “295” insert “ , 303K or 303L ”;

(c) at the end of paragraph (d) insert “, or

(e) property held in an account in relation to which an account freezing order made under section 303Z3 has effect.”

(3) After subsection (3A) insert—

“(3B) For the purposes of this Part a detained property investigation is an investigation for the purposes of Chapter 3A of Part 5 into—

(a) the derivation of property detained under that Chapter, or a part of such property, or

(b) whether property detained under that Chapter, or a part of such property, is intended by any person to be used in unlawful conduct.

(3C) For the purposes of this Part a frozen funds investigation is an investigation for the purposes of Chapter 3B of Part 5 into—

(a) the derivation of money held in an account in relation to which an account freezing order made under section 303Z3 has effect (a “frozen account”) or of a part of such money, or

(b) whether money held in a frozen account, or a part of such money, is intended by any person to be used in unlawful conduct.”

Commencement Information

I1 Sch. 5 para. 39 in force at Royal Assent for specified purposes, see s. 58

I2 Sch. 5 para. 39 in force at 31.1.2018 for specified purposes for E.W.S. by S.I. 2018/78, reg. 5(3)(b)(i)

I3 Sch. 5 para. 39 in force at 16.4.2018 for E.W.S. in so far as not already in force by S.I. 2018/78, reg. 5(3)(b)(ii)

I4 Sch. 5 para. 39 in force at 28.6.2021 for N.I. in so far as not already in force by S.I. 2021/724, reg. 4(i)