Alle Vorschriften · AML/CFT Act (Cap. 251) · Part X: Pecuniary penalty order
92 Disposal of proceeds of pecuniary penalty order (Repealed by Act 62 of 2021)
(1) Money paid or recovered in respect of a pecuniary penalty order
(including any variation of such an order) may, to the extent necessary, be applied to meet expenses incurred in exercising any powers under this Act.
(2) Money paid or recovered in respect of a pecuniary penalty order shall, following the payment of any expenses in accordance with subsection (1), be paid into the Asset Recovery Fund established under section 11 of the Custody, Management and Disposal of Seized, Forfeited or Confiscated Properties Act.
(Amended by Act 62 of 2021)
(including any variation of such an order) may, to the extent necessary, be applied to meet expenses incurred in exercising any powers under this Act.
(2) Money paid or recovered in respect of a pecuniary penalty order shall, following the payment of any expenses in accordance with subsection (1), be paid into the Asset Recovery Fund established under section 11 of the Custody, Management and Disposal of Seized, Forfeited or Confiscated Properties Act.
(Amended by Act 62 of 2021)
Amtliche Quelle: Anti-Money Laundering and Countering the Financing of Terrorism Act (Cap. 251), Act 5 of 2020, Revised Edition as at 17 January 2025 (Acts 5 of 2020, 7 of 2021, 8 of 2021, 62 of 2021, 9 of 2022, 12 of 2024, S.I. 145 of 2020)
