Section 25Part 5 — Regulation by Monetary Authority
Power of search
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If a Magistrate or Justice of the Peace is satisfied by information on oath given by the Authority that —
there is reasonable ground for suspecting that an offence against this Law has been or is being committed and that evidence of the commission of the offence is to be found at any premises specified in the information, or in any vehicle, vessel or aircraft so specified; or
any books, records, vouchers, documents, cash or securities which ought to have been produced under section 23 and have not been produced are to be found at any such premises or in any such vehicle, vessel or aircraft,
he may grant a search warrant authorising the Authority or any constable of the rank of Inspector or above, together with any other person named in the warrant and any other constables to enter the premises specified in the information or, as the case may be, any premises upon which the vehicle, vessel or aircraft so specified may be, at any time within one month from the date of the warrant, and to search such premises or, as the case may be, such vehicle, vessel or aircraft.
The person authorised by any such warrant to search any premises or any vehicle, vessel or aircraft may search every person who is found in or whom he has reasonable grounds to believe to have recently left or to be about to enter those premises or that vehicle, vessel or aircraft, as the case may be, and may seize any books, records, vouchers, documents, cash or securities found in the possession of any such person or in such premises or in such vehicle, vessel or aircraft which he has reasonable grounds for believing ought to have been produced under section 23.
No female shall, in pursuance of any warrant issued under this section, be searched except by a female.
Where, under this section, a person has any power to enter any premises, he may use such force as is reasonably necessary for the purpose of exercising that power.
Whoever obstructs the Authority or any other person in the exercise of any powers conferred under this section is guilty of an offence and liable on summary conviction to a fine of five thousand dollars and to imprisonment for six months.