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Law library · Sierra Leone · The Anti-Money Laundering Act, 2005

Section 30, The Anti-Money Laundering Act, 2005

Status not yet checkedThe Anti-Money Laundering Act, 2005, Sierra Leone

(1) Subject to section 32, the competent authority uponapplication to the High Court and upon production to the High Court of a request for the freezing or forfeiture of property of or in the possession or under the control of a person named in the request may obtain an order- (a) freezing the property of or in the possession or under the control of the person named in the request for such period as is indicated in the order; (b) giving directions as to the disposal of that property for the purpose of- (i) determining any dispute as to ownership of or other interest in the property or any part thereof; (ii) its proper administration during the period of freezing; (iii) the payment of debts, incurred in good faith, due to creditors prior to the request; (iv) the payment of moneys to that person for the reasonable subsistence of that person and his family; and (v) the payment of costs and other expenses to defend any criminal proceedings referred to in the request, and (c) forfeiting the property of or in the possession or under the control of any person named in the request. (2) This section shall apply only to property coming into the possession or under the control of a person after the commencement of this Act.

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