6. Power to freeze bank account
Feedback & supportThe Public Prosecutor may, where he or she is satisfied that it is likely that the money for the payment of ransom for the release of any person may be paid out of any account with any bank, by order direct any bank not to pay any money out of, nor to pay cheques drawn on, such account for a specified period not exceeding one month.
bank
“bank” means a bank or merchant bank licensed under the Banking Act 1970, and includes a finance company licensed under the Finance Companies Act 1967;
A bank which complies with an order under subsection (1) is relieved of any liability to any other person in respect of the payment prohibited by that order.
A bank which fails to comply with an order under subsection (1) shall be guilty of an offence and shall be liable on conviction to a fine not exceeding $20,000.