30. Amendment of section 26 of the principal enactment

Official English translation. Where it differs from the Sinhala or Tamil text, the Act itself says which text prevails.

Section 26 of the principal enactment is hereby amended as follows: -

(1)

by the substitution for the words “negotiable bearer instruments” or “negotiable instruments”

wherever such words appear in that section, of the words “bearer negotiable instruments”;

(2)

by the repeal of subsection (1) of that section and the substitution therefor, of the following subsection: -

“(1) Cash or bearer negotiable instruments seized under subsection (4) of section 24 or section 25 shall not be detained for more than five working days after seizure, unless the

High Court for the Western Province holden in Colombo, on application made to it, grants an order of continued detention for a period not exceeding three months from the date of seizure, upon being satisfied that —

(a)

there are reasonable grounds to suspect that it was derived from the commission of any unlawful activity or is intended by any person for use in the commission of an offence or in connection with an offence connected with the financing of terrorism under the

Convention on the Suppression of

Terrorist Financing Act, No. 25 of 2005; and

(b)

its continued detention is justified while its origin or derivation is further investigated.”; and

(3)

in subsection (5) of that section, by the substitution for the words “be forfeited to the Consolidated

Fund.”, of the words “be forfeited to the State and credited to the Consolidated Fund.”.

Read on from s 31