SCHEDULES
SCHEDULE 1Forfeiture of terrorist F1property
F2PART 4BASeizure and detention of terrorist cryptoassets
Sch. 1 Pts. 4BA-4BD inserted (26.10.2023 for specified purposes) by Economic Crime and Corporate Transparency Act 2023 (c. 56), s. 219(1)(2)(b), Sch. 10 para. 2
10Z7AFInitial detention of cryptoassets
1
Cryptoassets seized under paragraph 10Z7AD may be detained for an initial period of 48 hours.
2
3
In calculating a period of 48 hours for the purposes of this paragraph, no account is to be taken of—
a
any Saturday or Sunday,
b
Christmas Day,
c
Good Friday,
d
any day that is a bank holiday under the Banking and Financial Dealings Act 1971 in the part of the United Kingdom within which the property is seized, or
e
any day prescribed by virtue of section 8(2) of the Criminal Procedure (Scotland) Act 1995 as a court holiday in a sheriff court in the sheriff court district within which the property is seized.
4
This paragraph is subject to paragraph 10Z7AE.
Word in Sch. 1 heading substituted (27.4.2017 for specified purposes, 31.1.2018 in so far as not already in force) by Criminal Finances Act 2017 (c. 22), s. 58(5)(6), Sch. 5 para. 16(2); S.I. 2018/78, reg. 5(1)(c)