Section 32: Blocked accounts

(1) Where there is a seizure of foreign currency for any reason connected with the contravention of this Act, the foreign currency shall be lodged in a blocked account with the Central Bank.
(2) Where the foreign currency remains in the blocked account for a period of more than three years and in the absence of any action by the person from whom the foreign currency was seized to retrieve the foreign currency within the period, the Minister shall direct the Central Bank to transfer the foreign currency into the Consolidated Revenue Fund.