We have previously published an article regarding police investigations of bank accounts of Iranian nationals which receive funds from Iran.
We are pleased to announce that on 11 June 2019, Westminster Magistrates’ Court discharged a six-month Account Freezing Order (‘AFO’) imposed on a bank account belonging to an Iranian national. The account holder had received funds from Iran through a money exchange company based in Iran and the Metropolitan Police Service sought a six-month AFO to investigate the account and its funds. However, the Metropolitan Police Service withdrew its application for a further order at the hearing after we made representations on behalf of the account holder.
AFOs are a new law enforcement tool, introduced by the Criminal Finances Act 2017.