(1) A police officer not below the rank of corporal or a financial investigator of the Financial Intelligence Authority may seize an item of property if he or she has reasonable grounds for suspecting that—
(a) it is a listed asset;
(b) it is recoverable property or intended by a person for use in criminal conduct;
(c) that part of the item is recoverable property or intended by any person for use in criminal conduct;
(d) that the value of the part to which the suspicion relates is not less than the minimum value of ten thousand dollars; and
(e) it is not reasonably practicable to seize only that part.
(2) Where the powers under this section are being exercised by a police officer not below the rank of corporal or a financial investigator of the Financial Intelligence Authority in respect of more than one item of property, this section applies as if the value of each item is equal to the aggregate value of all of the items.
(3) A reference under subsection (2) to the value of an item is a reference including references to the value of part of an item where the power is exercised under subsection (1).
(Inserted by Act 18 of 2023)