Section 19

A financial institution, designated non-financial business and profession or any other person who holds property that is suspected to be, or may be, freezable property may make an application to request the Authority through the

Financial Intelligence Unit to seek assistance to determine whether or not the asset is owned or controlled by a designated person.

The application shall be accompanied by details of the property, and as much information about the property {including information about the owner and controller of the property) as is known to the person making the request.

The Authority shall use its best endeavours to assist any person who has made an application under sub-regulation (1).

As soon as practicable after receiving an application under sub-regulation {1), the Authority shall respond in writing.

The response shall state whether the Authority considers any one or more of the following -

{a)

it is likely that the property is owned or controlled by a designated person;

{b)

it is unlikely that the property is owned or controlled by a designated person; or

{c)

it is unknown whether the property is owned or controlled by a designated person.

In coming to the decision in sub-regulation (5), the Royal Brunei Police

Force and the Internal Security Department shall render such assistance upon request by the Authority.

PARTV

GENERAL

Reporting obligations of financial institutions and designated non-financial businesses and professions.