Prevention of Money Laundering Act 2006

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

s 1Short title and date of operation

This Act may be cited as the Prevention of Money

Laundering Act, No. 5 of 2006.

s 2Applicability of the provisions of the Act

The provisions of the Act shall apply in relation to—

(a)

a person who commits an offence under the provisions of this Act whilst being resident in

Sri Lanka;

(b)

an Institution which is used for the commission of an offence under the provisions of this Act, which

Institution is carrying on business in Sri Lanka and is either incorporated or registered in Sri Lanka or is either incorporated or registered as a branch of a bank incorporated or registered outside Sri Lanka;

(c)

an Act which constitutes an offence under this Act, which is committed in Sri Lanka.

Part I

Money Laundering

Read on from Part I

Part II

Freezing and Forfeiture of Assets in Relation to the Offence of Money Laundering

Read on from Part II

Part III

General

Read on from Part III

Part IV

Provisions Relating to Extradition and Mutual Assistance in Relation to the Offence of Money Laundering

Read on from Part IV