Anti-Money Laundering, Anti-Terrorism Financing, Anti-Restricted Activity Financing and Proceeeds of Unlawful Activities Act 2001 · Updated to 1 Mar 2026 · Part VI · Freezing, Seizure and Forfeiture
62. Disposition of forfeited property
Feedback & supportWhenever property that is not required to be destroyed and that is not harmful to the public is forfeited under section 28L or 55 or 56, the court or an enforcement agency may, in accordance with the law—
(a)
retain it for official use, or transfer it to the Federal
Government; or
(b)
sell it and transfer the proceeds from such sale to the Federal
Government.