PROCEEDS OF CRIME (RECOVERY AND MANAGEMENT) ACT
Section 2: Application.
The provisions of this Act apply to—
a detection, identification, investigation, and recovery of realizable assets and the proceeds and instrumentalities of unlawful activity by relevant organisations;
b orders and directives by the Court to support the detection, recovery and preservation of the proceeds and instrumentalities of unlawful activity and realisable properties by relevant organisations;
c confiscation orders to recover a sum equivalent to the amount a convicted person has acquired from the offences charged and related offences, including accrued benefits;
d management of the recovered assets and property by the relevant organisation under this Act; and
e training and certification of asset recovery officers, asset recovery agents, auctioneers, bankers, consultants and judicial officers.
Cite this section
Section 2, PROCEEDS OF CRIME (RECOVERY AND MANAGEMENT) ACT (2022).
https://repo.podus.ai/laws/proceeds-of-crime-recovery-and-management-act/section/2/