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As enacted
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Part IV · Protection, Preservation and Management of Proceeds of Crime

76. Objectives and purposes of the protection, preservation, and management of seized or frozen proceeds of crime

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

(1)

With the view to ensuring that a seized or frozen proceeds of crime is not destroyed or decayed and its value is not diminished or adversely affected, and for the purpose of ensuring that the seizure or judicial freezing of proceeds of crime does not disrupt or adversely affect –

(a)

legitimate finance, trade, and commercial activity;

(b)

the deriving of economic benefit through lawful financial, trading and commercial activity;

(c)

the lawful employment of persons; and

(d)

the interests of third parties, meaningful and effective action as provided in this Act shall be taken by an Investigation Officer to protect, preserve and manage the seized or frozen property that is believed to be proceeds of crime.

(2)

The seized or frozen property suspected to be proceeds of crime shall also be protected and preserved for the purpose of preserving evidence that would be necessary for the prosecution of any person for having committed an unlawful activity that is believed to have yielded the relevant proceeds of crime or for having committed any other offence.

Read on from s 77

Part V

Proceeds of Crime Management authority

Read on from Part V

Part VI

Forfeiture of Frozen Proceeds of Crime And Related Proceedings

Read on from Part VI

Part VII

Civil Remedy For Victims Of Crime

Read on from Part VII

Part VIII

Disposal Of Forfeited Proceeds Of Crime And The Utilization Of The Value Derived Thereof

Read on from Part VIII

Part IX

Victims Of Crime Reparation Trust Fund

Read on from Part IX

Part X

International Cooperation

Read on from Part X

Part XI

Miscellaneous Provisions

Read on from Part XI

Schedules