PART 5Account monitoring orders

Requirements for making of account monitoring order30

1

These are the requirements for the making of an account monitoring order.

2

There must be reasonable grounds for suspecting that the application relates to an external investigation.

3

There must be reasonable grounds for believing that—

a

account information which may be provided in compliance with the order is likely to be of substantial value (whether or not by itself) to the external investigation, and

b

it is in the public interest for the account information to be provided, having regard to the benefit likely to accrue to the external investigation if the information is obtained.