23. Freezing funds in urgent cases
The Attorney General may, on being satisfied on reasonable grounds that a listed entity is engaged in the financing of the proliferation of weapons of mass destruction, 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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(a) owned or controlled, by a listed entity;
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(b) wholly or jointly owned or controlled, directly or indirectly, by a listed entity;
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(c) derived or generated from funds or other assets that is owned or controlled, directly or indirectly, by a listed entity;
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(d) owned or controlled by a person acting on behalf of or at the direction of a listed entity;
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(e) owned or controlled, directly or indirectly, by —
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(i) the Government or a political party of a proscribed country,
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(ii) a person acting on behalf of, or at the direction of the Government or a political party of a proscribed country,
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(iii) a person controlled by the Government or a political party of a proscribed country, which is associated with a nuclear or ballistic programme of that Government or a political party of a proscribed country or any other activity prohibited by this Act,
and the Attorney General may apply to the court within seventy-two hours of the making of the freezing order for a continuation of the freezing order.