Convention on the Suppression of Terrorist Financing (Amendment) Act 2026 · As enacted
7. Replacement of section 4C of the principal enactment
Official English translation. Where it differs from the Sinhala or Tamil text, the Act itself says which text prevails.
Official translationFrom Department of Government Printing, unchanged
Section 4C of the principal enactment is hereby repealed and the following section is substituted therefor: -
4c. (1) Where any legitimate business or other interests of any person affected by the Freezing Order could be damaged by the prohibition imposed thereby, such person may make an application to the High Court stating such facts in support thereof.
Every such application shall be made by petition in writing addressed to such High
Court and shall be heard and determined in accordance with the procedure laid down in section 127 of the Proceeds of Crime Act,
No. 5 of 2025.
“High Court to sanction essential and legitimate transactions.
7
Convention on the Suppression of
Terrorist Financing (Amendment)
Act, No. 18 of 2026
The High Court may, upon consideration of such application, if it is of the opinion that such Freezing Order could damage legitimate business or other interests of such person and that any essential transaction relating to the funds, property or other assets, income, profits or instrumentalities which are subject to prohibition by such Freezing Order may be legitimately carried out, confirm the Freezing
Order made under section 4 and make further order, sanctioning the carrying out of such transaction-
subject to the supervision of the High
Court; and
in the case where a Receiver or
Special Manager has been appointed or the Proceeds of Crime Management
Authority has been directed, to take possession of such funds, property or other assets, income, profits or instrumentalities under section 4D, subject to the supervision of such
Receiver, Special Manager or the
Proceeds of Crime Management
Authority, as the case may be.”.