View All - 2006 Acts Section No : Acts & Ordinances PREVENTION OF MONEY LAUNDERINGMarginal Notes1. This Act may be cited as the Prevention of Money Laundering Act, No. 5 of 2006.2. Applicability of the provisions of the Act. 3. Offence of money laundering. 4. Presumption. 5. Duty of certain persons to disclose knowledge or belief of acts constituting the offence of money laundering. 6. Divulging &c. of information an offence.7. Freezing of property. 8. Confirming of Freezing Order by Court. 9. Transactions in contravention of the Freezing Order to be null and void. 10. High Court to permit essential and legitimate transactions. 11. Appointment of a Receiver. 12. Property tracking and monitoring. 13. Forfeiture of property in relation to which offence of money laundering has been committed. 14. Rights of bona fide claimants. 15. Appointment of a Receiver upon confiscation. 16. Secrecy obligation overridden. 17. Offences under this Act to be cognisable and non-bailable. 18. Offences by body of persons. 19. Protection for action taken under this Act or on direction of Authority. 20. Falsification of documents. 21. Offences. 22. Asset sharing. 23. Dealing with property by Institution &c. not to constitute an offence. 24. Amendment of the Extradition Law, No. 8 of 1977. 25. Interpretation in relation to the Extradition Law. 26. Duty of Minister to notify requesting State of measures taken against persons for whose extradition a request is made. 27. Assistance to Commonwealth countries &c,. 28. Rights of persons arrested under this Act. 29. Duty of Minister to inform other States having jurisdiction over an offence. 30. Requirements for assistance. 31. Provision regarding extradition arrangement. 32. Duty of Government to afford assistance to other States. 33. Regulations. 34. Sinhala text to prevail in case of inconsistency. 35. Interpretation.