Prevention of Money Laundering (Amendment) Act 2026 · As enacted
16. Amendment of section 14 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 14 of the principal enactment is hereby amended as follows: -
by the repeal of subsection (1) of that section and the substitution therefor, of the following subsection: -
“(1) Any person who has neither committed nor concerned in any offence under this Act, and who owns, possesses, or has beneficial ownership in, or is in control of, any property which is subjected to the Freezing Order issued under section 7 may, within thirty days of the notice published under subsection (3) of section 8 apply to the Court which confirmed the Freezing Order, seeking the intervention of the Court to exclude from such Order any property he owns, possesses, has beneficial ownership in, or is in control of.”; and
in subsection (2) of that section-
by the substitution for the words “account, property or investment”, wherever those words appear in that subsection, of the words
“property subject to the Freezing Order”; and
in paragraph (a) of that subsection, by the substitution for the words “owns, possesses or is in control of,”, of the words “owns, possesses or has beneficial ownership in, or is in control of,”.