Paragraph 10Z7AA Seizure of cryptoasset-related itemsF1
An authorised officer may seize any item of property if the authorised officer has reasonable grounds for suspecting that the item is a cryptoasset-related item.
If an authorised officer is lawfully on any premises, the officer may, for the purpose of—
determining whether any property is a cryptoasset-related item, or
enabling or facilitating the seizure under this Part of any terrorist cryptoasset,
require any information which is stored in any electronic form and accessible from the premises to be produced in a form in which it can be taken away and in which it is visible and legible, or from which it can readily be produced in a visible and legible form.
But sub-paragraph (2) does not authorise an authorised officer to require a person to produce privileged information.
In this paragraph “privileged information” means information which a person would be entitled to refuse to provide—
in England and Wales and Northern Ireland, on grounds of legal professional privilege in proceedings in the High Court;
in Scotland, on grounds of confidentiality of communications in proceedings in the Court of Session.
Where an authorised officer has seized a cryptoasset-related item under sub-paragraph (1), the officer may use any information obtained from the item for the purpose of—
identifying or gaining access to a crypto wallet, and
by doing so, enabling or facilitating the seizure under this Part of any cryptoassets.
Annotations
Textual amendments
- F1
Sch. 1 Pts. 4BA-4BD inserted (26.10.2023 for specified purposes, 26.4.2024 in so far as not already in force) by Economic Crime and Corporate Transparency Act 2023 (c. 56), s. 219(1)(2)(b), Sch. 10 para. 2; S.I. 2024/269, reg. 4(c)
Notes on Schedule 1
Textual amendments
- F1
Word in Sch. 1 heading substituted (27.4.2017 for specified purposes, 31.1.2018 in so far as not already in force) by Criminal Finances Act 2017 (c. 22), s. 58(5)(6), Sch. 5 para. 16(2); S.I. 2018/78, reg. 5(1)(c)