Section 199Part 9 — Miscellaneous and General
Companies and other business entities formed for criminal purposes
←→ Navigate · Click subsection badges to collapse · Press ? for help
Any person involved in the formation or operation of a company or other business entity (at whatever level) that is formed for a criminal purpose shall be deemed to fall within the provisions of this Act unless that person can show on a balance of probabilities that that pers on did not know or cannot be expected to have known that the company or business entity concerned was formed for a criminal purpose. 199A. Power of Supervisory Authority to enter, search, etc. 199A .
Where a Supervisory Authority reasonably suspects or is informed that a person who is required to comply with regulation 55F of the Anti - Money Laundering Regulations (2025 Revision) has not complied, an appropriate officer may lay before a magistrate or a justice of the peace an information on oath setting out the grounds for the suspicion and apply for the issue of a warrant to search the premises.
Where an application is made under subsection (1) for a warrant, the magistrate or justice of the pe ace may issue a warrant authoris ing the appropriate officer to enter upon the premises and search and inspect the premises with such assistance, including assistance from a police officer, and by such force as is necessary and reasonable, and to —
examine, inspect, make copies of, seize or remove any document or record that the appropriate officer or police officer has reasonable grounds to believe is evidence of the contravention; and
seize any equipment or other property found on the premises in the course of the search that the appropriate officer or police officer has reasonable grounds to believe is being used in the contravention of regulation 55F.