Section 99, Terrorism Act, 2012

Any property confiscated as a result of an investigation orconviction of a money laundering or financing of terrorism offence shall be vested in the Government subject to the following: – (a) the Government shall decide to allocate not less than one-third to the Unit, of the assets confiscated and not less than one-third to any other agency engaged in the fight against money laundering or the financing of terrorism; or (b) where the asset has been confiscated as a result of joint investigation with a foreign investigation agency, it shall be shared on a mutually agreed basis between the home state and the foreign investigating agency and the share of the home state shall be distributed in accordance with paragraph (a). Variation of pecuniary Discharge of pecuniary Overriding of confidentiality. Liability of employers principals. Liability of directors, controllers or officers of bodies corporate. Sharing of confiscated property. Enforcement of pecuniary 88 89 PART XII–MUTUAL ASSISTANCE IN RELATION TO MONEY LAUNDERING