22H. Freezing of funds in extreme urgency
Notwithstanding sections 22A and 22G, where the Attorney General receives information under section 3(1) from the Financial Intelligence Authority and the Attorney General has reasonable grounds to believe that an entity satisfies the following criteria, namely—
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(a) an entity has knowingly—
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(i) committed,
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(ii) attempted to commit,
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(iii) participated in committing, or
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(iv) facilitated the commission of,
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a terrorist act;
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(b) an entity is owned or controlled, directly or indirectly, by an entity referred to under paragraph (a);
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(c) an entity is knowingly acting on behalf of, at the direction of, or in association with an entity referred to under paragraph (a),
the Attorney General may direct a financial institution or a person engaged in other business activity to immediately freeze funds in an account that is—
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(i) owned or controlled by a specified entity,
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(ii) wholly or jointly owned or controlled, directly or indirectly, by a specified entity,
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(iii) derived or generated from funds or other assets that is owned or controlled, directly or indirectly, by a specified entity,
and the Attorney General may apply to the court within seventy-two hours for a continuation of the freezing order.
(Inserted by Act 28 of 2019)