(1) The Court may make an account freezing order if satisfied that there are reasonable grounds for suspecting that money held in the account whether all or part of the credit balance of the account—
(a) is recoverable property; or
(b) is intended by a person for use in criminal conduct.
(2) The period specified by the Court in an order made under subsection (1) may not exceed a period of 2 years, starting with the date on which the account freezing order is made.
(3) An account freezing order must provide for notice to be given to a person affected by the order.
(4) An account freezing order ceases to have effect at the end of the period specified in the order.
(Inserted by Act 18 of 2023)