What is an Account Monitoring Order?

This is an Order, made in accordance with Section 126 of the Proceeds of Crime Act, for the financial institution specified in the application for that Order to be required, for the period specified in that Order (which initially shall not be for longer than ninety days unless a further application for an extension of time is then made), to provide account information of the description specified in the Order, to an appropriate officer, in the manner and at the time or times specified in the Order. Such account information may include:- information as to all accounts held or transactions conducted within the specified period, by the person specified in the application for the Order; and/or a particular description of accounts held; and/or a particular account or transaction held or conducted.

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