Prevention of Money Laundering Act (Cap. 373), article 4B

4B. (1) Where, upon informatio n received, the Attorney General has reasonable cause to suspect that a person (hereinaf ter referred to as "the suspect") is guilty of the offence mentione d in article 3, he may apply to the Criminal Court for an order (hereinafter referred to as a "m onitoring order") requiring a b ank to monitor for a specified period the transactions or banking operations being carried out through one or more accounts in th e name of the suspect, or through one or more accounts suspected to have been used in the commission of the offence or which could provide information about the offence or the circumstances ther eof, whether before, during or after the commission of the offence, including any such accounts in the name of legal persons. The b ank shall, on the demand of the Attorney General, communicate to th e person or authority indicated by the Attorney General the information resulting from the monitoring and, once the information is collated, the person or authority receiving the information shall transmit that information to the Attorney Gen eral. ( 2 ) W h e r e a m o n i t o r i n g o r d e r h a s b e e n m a d e o r a p p l i e d f o r , whosoever, knowing or suspecting that the investigation is taki ng place, discloses that an investi gation is being undertaken or m akes any other disclosures likely to prejudice the said investigatio n shall be guilty of an offence and sha ll, on conviction, be liable to a fine (multa ) not exceeding eleven thousa nd and six hundred and forty six euro and eighty-seven cents ( 11,646.87) or to imprisonment not exceeding twelve months, or to bot h such fine and imprisonment: Provided that in proceedings for an offence under this sub- article, it shall be a defence fo r the accused to prove that he did not know or suspect that the disclosu re was likely to prejudice the investigation. Freezing of property of person charged. Cap. 621. Amended by: L.N. 425 of 2007; L.N. 426 of 2012; III. 2015.6; XXXI.2019.16; Substituted by: VI.2024.14.