Page 805 - IOM Law Society Rules Book

c.13 Proceeds of Crime Act 2008 427

(ii) is intended to be used for money laundering or SCH. 5
other unlawful conduct or activities related to
terrorism.

(2) The officer may seize any cash, whether or not with a value
in excess of the prescribed amount, to which the refusal, declaration,
disclosure, evidence or suspicion relates.
(3) Where cash is seized under subsection (2), sections 47 to
54 of the Proceeds of Crime Act 2008 apply as if that cash had been
seized under section 46 of that Act.

Notice of 76H. (1) An officer who seizes cash under section 76G must give
seizure written notice of the seizure as soon as reasonably practicable.
of cash to
be given
(2) The notice must be given to the person who, immediately
before the seizure of the cash —
(a) had possession of the cash; or

(b) was, in the officer’s opinion, in possession of the cash.
(3) The notice must —

(a) state that the cash has been seized under this Part;
(b) contain sufficient particulars of the cash to allow it to be
identified; and

(c) contain particulars of the action that may be taken to recover
the cash.”.