Articles

One of the key issues which has been raised by the rise of Account Freezing and Forfeiture Orders (AFFO), is how to protect and withdraw third party’s money which is frozen in a subject account.

The test for an Account Freezing Order (‘AFO’) is relatively low. Though section 303Z1 set out for the test the investigator, it will be a rare occasion when the Financial Investigators (‘FI’) decision can be challenged. It is more likely that the authority of the FI and whether they are qualified to make the application is more likely to be in issue.