As enacted

Contents

Prevention of Money Laundering Act 2006 · As enacted · Part II · Freezing and Forfeiture of Assets in Relation to the Offence of Money Laundering

8. Confirming of Freezing Order by Court

Official English translation. The Sinhala text prevails. Open the official Sinhala text, official PDF on documents.gov.lk

(1)

The Police Officer issuing the Freezing Order under the provisions of section 6 shall, with in the seven days during which such Order shall be in force, make an application to the High Court seeking confirmation of such Freezing Order and also if the circumstances so necessitate, request an extension of the original period of seven days.

(2)

Where the High Court is satisfied that there are sufficient reasons for the making of such Freezing Order, the

Court may confirm the Freezing Order and also grant the application made for the extension thereof for such periods as it considers necessary, subject however—

(a)

to any Orders which may be made under section 12;

and

(b)

to the requirement that the maximum period of any extension so granted shall not exceed one year from the date of the making of the Freezing Order by the

Police Officer :

Provided that where indictment is filed for the offence of money laundering in respect of the account, property or investment which is subject to the Freezing Order, such

Freezing Order shall unless vacated by Court for reasons to be recorded, remain in force until the conclusion of the trial in respect of such offence, or where an appeal is preferred against a conviction for such offence, until the determination of the appeal.

Prevention of Money Laundering

(3)

Where the High Court confirms a Freezing Order under subsection (2) it shall cause to be published in at least one newspaper circulating in the Sinhala, Tamil and English languages, Notice of such Order, in order to facilitate bona fide third parties to make application to Court in support of their claims to the account, property or investment which is subject to the Order of freezing.

Read on from s 9

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