Convention On The Suppression Of Terrorist Financing Act (No. 25 of 2005)

Sri Lanka Consolidated Acts

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Convention On The Suppression Of Terrorist Financing Act (No. 25 of 2005) - Sect 4

Freezing and seizure

(1) On indictment to any person in the High Court, for an offence under this Act, all funds collected in contravention of the provisions of section 3, shall, with effect from the date of filing of such indictment-

	(a) if such funds are lying in an account with any Bank, be subject to an order of freezing ; or

	(b) if such funds are in the possession or control of any person be liable to seizure ;

(2) The freezing or seizure of funds in terms of subsection (1) shall be in force until the conclusion of the trial.

(3) On the filing of indictment, the Attorney-General shall notify the Central Bank of the freezing or seizure as the case may be.

(4) The Central Bank shall thereupon take steps to give adequate publicity to the order of freezing or seizure as the case may be, as it shall think fit.

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