Initial detention of cryptoassetsU.K.
[F110Z7AF(1)Cryptoassets seized under paragraph 10Z7AD may be detained for an initial period of 48 hours.
(2)Sub-paragraph (1) authorises the detention of cryptoassets only for so long as an authorised officer continues to have reasonable grounds for suspicion in relation to those cryptoassets as described in paragraph 10Z7AD(1).
(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.]
Textual Amendments
F1Sch. 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