Convention on the Suppression of Terrorist Financing (Amendment) Act 2011 · As enacted
4. Replacement of section 4 of the principal enactment
Official English translation. The Sinhala text prevails. Open the official Sinhala text, official PDF on documents.gov.lk
Official translationFrom Department of Government Printing, unchanged
Section 4 of the principal enactment is hereby repealed and the following section is substituted therefor :—
4. (1) A police officer not below the rank of an Assistant Superintendent of Police may, where there are reasonable grounds to believe that any person is involved in the commission of any act which constitutes an offence under section 3 of this Act and it is necessary for preventing the commission of any further acts in connection with such offence, issue an Order
(hereinafter referred to as a “Freezing Order”)
freezing all funds or property provided or collected in contravention of the provisions of section 3, any income or profit earned on such funds or property or any instrumentalities used in the commission of such offence.
“Freezing of property &c.
The Freezing Order obtained under subsection (1) shall be issued on –
the person who is believed to be involved in the commission of any act which constitutes an offence in terms of section 3; and
on any other person or institution who or which may be required to give effect to such Order.
A Freezing Order issued under subsection (1) shall, subject to the provisions of section 4A, be in force for a period of seven days of the making thereof.
Any person who or institution which uses such fund, property, income, profit or instrumentality which is subject to a Freezing
Order, in contravention of such Freezing Order issued on him or such institution, shall be guilty of an offence and shall on conviction after trial before the High Court be liable to a fine not exceeding one hundred thousand rupees or one and a half times the value of the money in such funds, property, income, profit or instrumentality which has been dealt with in contravention of the Freezing Order, whichever is higher or to imprisonment of either description for a period not exceeding one year or to both such fine and imprisonment.”.