Directives

(1) Where the Financial Intelligence Unit has reason to believe or suspects that a reporting entity holds an account or property on behalf of a terrorist or terrorist organisation, it shall issue a written directive to the reporting entity in Belize requiring it to restrain or freeze any account or other property held by that reporting entity on behalf of terrorist or terrorist organization and the reporting entity shall comply with such a (2) Subject to sub-section (3), a directive given by the Financial Intelligence Unit pursuant to sub-section (1), shall be effective for 3 months unless earlier revoked by the Financial (3) The Supreme Court may, upon the application of the Director of Public Prosecutions or the Financial Intelligence Unit, order the extension of a restraining or a freeze direction issued pursuant to sub-section (1), if the Court is satisfied that the account or other property is owned by or on behalf of a terrorist or terrorist organization. (4) The Financial Intelligence Unit may revoke any directive issued under sub-section (1) and shall notify the reporting entities accordingly. (5) Where the Financial Intelligence Unit decides to revoke a directive which has been extended by the Supreme Court under sub-section (3), it shall notify the Supreme Court accordingly and the Supreme Court shall revoke the extension (6) Revocation of a directive or extension order shall not affect the validity of any action taken on the basis of the direction or the order prior to revocation. (7) A person affected by a directive issued under sub-section (1), may apply to the Supreme Court for a revocation of the direction in relation to him. (8) The Supreme Court shall revoke the directive in relation to the applicant under sub-section (7), if satisfied that the account or other property or the person’s interest in it is not owned by or on behalf of a terrorist or terrorist organisation. (9) It shall be a defence against any action brought against a supervisory authority or any person who complies with a direction issued under sub-section (1) that the issuance of the direction or the compliance therewith was in accordance with the provisions of this section. (10) No person shall be held liable in any court for or with respect to anything done or omitted to be done in good faith in accordance with this section.