3. Amendment of section 3 of the principal enactment

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

Section 3 of the principal enactment is hereby amended as follows: -

(1)

in subsection (1) of that section –

(a)

by the substitution for the words “from the proceeds of any unlawful activity”, of the words

“from the proceeds of any unlawful activity or any conversion of such property”, wherever those words appear in that subsection;

(b)

in paragraph (b) of that subsection-

(i)

by the substitution for the words

“receives, possesses, conceals, disposes of,”, of the words “uses, purchases, receives, possesses, conceals, disposes of, transfers,” and

(ii)

by the substitution for the words

“from the proceeds of any unlawful activity,”, of the words “from the proceeds of any unlawful activity or any conversion of such property;”;

(c)

by the addition immediately after paragraph (b) of that subsection, of the following new paragraph: -

“(c) acquires a beneficial ownership of any property which is derived or realised, directly or indirectly, from any unlawful activity or from the proceeds of any unlawful activity or any conversion of such property,”;

and

(d)

by the substitution for the words “for a period of not less than five years and”, of the words “for a period”;

(2)

in subsection (2) of that section, by the substitution for the words “aids or abets, the commission of”, of the words “aids or abets, or facilitates or counsels others in, the commission of”; and

(3)

by the repeal of subsection (3) of that section.

Read on from s 4