Terrorism (Suppression of Financing) Act 2002 · 2020 Revised Edition · Part 4 · Seizure, Freezing and Confiscationof Terrorist Property
26. Order refusing forfeiture of property
Feedback & supportWhere a Judge refuses an application under section 21 in respect of any property, the Judge is to make an order that describes the property and declares that it is not property mentioned in that section.
property
“property” means —(a)assets of every kind, whether tangible or intangible, movable or immovable, however acquired; and(b)legal documents or instruments in any form, including electronic or digital, evidencing title to, or interest in, such assets, including, but not limited to, bank credits, travellers cheques, bank cheques, money orders, shares, securities, bonds, drafts and letters of credit;
If a Judge is satisfied that any respondent mentioned in section 23 has an interest in any property that is subject to an application, has exercised reasonable care to ensure that the property would not be used to facilitate or carry out a terrorist act, and is not a member of a terrorist entity, the Judge is to —
terrorist
“terrorist” means any person who —(a)commits, or attempts to commit, any terrorist act; or(b)participates in or facilitates the commission of any terrorist act,and includes any person set out in the First Schedule;
order that the interest is not affected by the forfeiture; and
declare the nature and extent of the interest mentioned in paragraph (a).