Section 47

The principal Act is amended by inserting after section 52

the following section:

“Expiry of seizure order 52a. A seizure order made under this Act shall cease to have effect after the expiration of twelve months from the date of the seizure order, or where there is a prior freezing order, twelve months from the date of the freezing order, if the person against whom the order was made has not been charged with an offence under this Act.”.

Anti-Money Laundering and Anti-Terrorism

Financing (Amendment)

49