Sri Lanka Consolidated Acts

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Prevention Of Money Laundering Act (No. 5 of 2006) - Sect 8

Confirming of Freezing Order by Court

8.
(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:
(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.


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