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Asset Recovery Act

consolidated text (as at 2018, amended since). juris shows the text as it was consolidated; it does not confirm that this is the law in force today.

Later amending instruments held: Anti-Money Laundering and Combatting the Financing of Terrorism and Proliferation (Miscellaneous Provisions) Act 2019 (Act No 9 of 2019), Finance (Miscellaneous Provisions) Act 2021 (Act No 15 of 2021), Finance (Miscellaneous Provisions) Act 2023 (Act No 12 of 2023).

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Sections

  1. 1 Short title
  2. 2 Interpretation
  3. 3 Application of Act
  4. PART II: THE ENFORCEMENT AUTHORITY
  5. 4 Enforcement Authority
  6. 5 Asset Recovery Investigation Division
  7. 6 Recovered Assets Fund
  8. 7 Receipts and disbursements
  9. 8 Annual report
  10. PART III: CONVICTION-BASED ASSET RECOVERY
  11. 9 Application for Restraining Order
  12. 10 Grant of Restraining Order
  13. 11 Powers of Trustee
  14. 12 Judge’s further powers
  15. 13 Exclusion of property from Order
  16. 14 Registration of Order
  17. 15 Contravention of Order
  18. 16 Duration of Order
  19. 17 Application for Order under this Sub-Part
  20. 18 Service of application
  21. 19 Confiscation Order
  22. 20 Determination of value of benefit
  23. 21 Amount recoverable
  24. 22 Contravention of Confiscation Order
  25. 23 Discharge of Confiscation Order
  26. 24 Appeal under this Sub-Part
  27. 25 Realisation of property
  28. 26 Application of monetary sums
  29. PART IV: CIVIL ASSET RECOVERY
  30. 27 Restriction Order
  31. 28 Powers of Asset Manager
  32. 29 Exclusion of property from Order
  33. 30 Order in respect of immovable property
  34. 31 Variation and rescission of Order
  35. 32 Contravention of Order
  36. 33 Duration of Order
  37. 34 Application for Order
  38. 35 Recovery Order
  39. 36 Failure to notify
  40. 37 Exclusion of property from Order
  41. 37 Exclusion of property from Order inserted by Act No 15 of 2021
  42. PART IV: CIVIL ASSET RECOVERY
  43. 38 Appeal against Recovery Order
  44. 39 Enforcement of Order
  45. 40 Recoverable property
  46. 41 Property indirectly obtained or used
  47. 42 Property not recoverable
  48. 43 Offences related to Investigations
  49. PART V: ANCILLARY ORDERS AND POWERS
  50. 44 Application for Ancillary Order
  51. 45 Exercise of Ancillary Powers
  52. 46 Search and Seizure Order
  53. 47 Power to require production or disclosure
  54. 48 Power to require customer information
  55. 49 Account Monitoring Order
  56. 50 Failure to comply with Ancillary Order or other requirement
  57. 51 Tipping off
  58. 52 Discharge or variation of Ancillary Order
  59. PART VI: INTERNATIONAL CO-OPERATION
  60. 53 International co-operation agreements
  61. 54 Foreign request in connection with civil asset recovery
  62. 55 Foreign request for enforcement of foreign Restriction or Recovery Order
  63. 56 Effect of registration of foreign Order
  64. 57 Foreign request for the location of tainted property
  65. 58 Disposal of proceeds of crime
  66. PART VII: MISCELLANEOUS
  67. 59 Domestic co-operation agreement
  68. 59A Preservation of documents inserted by Act No 12 of 2023
  69. PART VII: MISCELLANEOUS
  70. 60 Compensation Order
  71. 61 Proceedings in foreign territory
  72. 62 Immunity
  73. 62A Exemption inserted by Act No 12 of 2023
  74. PART VII: MISCELLANEOUS
  75. 63 Penalties
  76. 64 Regulations