314. Procedure and criteria for making, discharging and varying account monitoring orders.

A circuit judge or a District Judge (Magistrates' Courts)1 may make an account monitoring order2 on an application by an appropriate officer3 if he is satisfied that:

  1.  

    (1)     the order is sought for the purposes of a terrorist investigation4;

  2.  

    (2)     the tracing of terrorist property5 is desirable for the purposes of the investigation6; and

  3.  

    (3)     the order will enhance the effectiveness of the investigation7.

An application for an account monitoring order may be made without notice to a judge in chambers8. The application must state that the order is sought against the financial institution