Criminal Asset Recovery Order, 2012 · As enacted · Chapter III
33. {1}
Official textFrom Attorney General's Chambers, unchanged
The Financial Intelligence Unit may refer any report, and information pertaining to that report, to the appropriate law enforcement agency in Brunei
Darussalam if, on the basis of its analysis and assessment, it has reasonable grounds to suspect that a transaction, attempted transaction or any other activity would be relevant to the investigation or prosecution of a money laundering offence, serious offence or terrorist financing offence, and in connection therewith 1 the Financial Intelligence Unit may send a copy of such referral or information to the relevant supervisory authority.
Where the Financial Intelligence Unit has reasonable grounds to suspect that a transaction or attempted transaction may involve a serious offence, money laundering offence, or terrorist financing offence, it may direct in writing that the reporting institution concerned either proceed or refrain from proceeding with the transaction or attempted transaction, for a period to be determined by the Financial Intelligence Unit:
Provided that -
{a} any direction must not exceed 5 business days if the direction is in writing;
(bJ any direction given orally must not exceed 24 hours and must be confirmed in writing within 24 hours of the oral direction; or
{c}
before the direction expires in 5 days, the Financial Intelligence
Unit may apply to the Court for an extension of the period of the direction.
Part III
Cross Border Movements of Physical Currency and Bearer Negotiable Instruments
Part IV
Restraining Orders, Confiscation Orders, Benefit Recovery Orders, Non-Conviction Based Forfeiture Orders and Unexplained Wealth Declarations
Chapter IV
Chapter LI
Part VI
Part VII
Part VIII