← belizelaw.ai · Money Laundering And Terrorism, Cap. 104 · PART IV — Freezing and Forfeiture of Assets in Relation to Money
Payment instead of a forfeiture order
Cap. 104, s. 54 · Revised Edition 2020
Where the court is satisfied that a forfeiture order should be made in respect of the property of a person convicted of an offence but that the property or any part thereof or interest therein cannot be made subject to such an order and, in particular–
(a) cannot, on the exercise of due diligence, be located;
(b) has been transferred to a third party in circumstances which do not give rise to a reasonable inference that the title or interest was transferred for the purpose of avoiding the forfeiture of the property;
(c) is located outside Belize;
(d) has been substantially diminished in value or rendered worthless; or
(e) has been commingled with other property that cannot be divided without difficulty,
the Court may, instead of ordering the property, part thereof or interest therein to be forfeited, order the person to pay to the Government an amount equal to the value of the property, part or interest.
Amended by: 7 of 2016; 7 of 2016
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