2018
No. I
ordt~r;
(i)
operating any account affected hy the
or
( ii)
opening any account with same or any other tiuancial
institution;
aml
(b)
the financial institution where the account of the
sanctioned person is held hom authorising or executing
any transactions through that account. whether at the
instance of the sanctioned person or not;
without the exprt~ss approval of the Director gi,en subject to the
specified by. the Director.
condition~
(S) Within twenty -one days of the granting of a freaing order
or such other period as the court may direct, notice of the order shall
be serred on all persons known to the Director to have an interest in
the funds affected by the order, and such other persons as the com1
may direct.
(9) Subject to subsection (l 0), the Director shall not, in relation
to the same sanctioned person and to the same account or accounts,
make more than two temporary freezing orders in any period of twelve
months.
( lO) If. within any period of twelve months, the need arises
for any account of a sanctioned person to he frozen alter it has been
temporarily frozen twice within that period, the Director shall apply
to a magistrate's court for a freezing order in accordance "ith the
following subsections.
( 11) An application for a freezing order shall be in writing and
shall he supporkd hy an affidavit of the Director indicating that the
Director believes, and the grounds for his or her belief. that the account
is concemed in any violation of or being used for violating any cited
provision of this ..:\ct, the Exchange Control Act [Chapter 22:051 or
the .Money Laundering Act, which application may(a) be made ex parte and without notice, if the Director sets
forth in his or her affidavit reasonable grounds for believing
that the giving of notice to any atfccted party is likely to
prejudice the purpose for which the application is sought;
(b)
include an application for an order by the court limiting
or restricting attendance at the court and publication of
its proceedings in terms of the Com1s and Adjudicating
Authorities (Publicity Restriction) Act [ChapTer 7:04].
( 12) Subsections (h), (7) and (8) apply also to any order applied
for under subsection ( 11 ).'';
(h)
by the repeal of section -l-9 and the substitution of-·
"49 Amnesty for breaches of sections 10 and 11
( 1) A.n anmest y for any contravention of section l 0 or 11 shall
come into force in accordance \Vith the tem1s of the Schedule.
(2) Suhject to the Schedule, this section and the Schcduk shall
be deemed to be repealed on the I st April, 20 l S.";
(i)
the principal Act is amended by the insertion of the following schedule
after the Third Schedule-
-l-2
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