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Amount recovered under pecuniary penalty order

Cap. 104, s. 60 · Revised Edition 2020

(1) Subject to sub-section (2), the amount to be recovered in a person’s case under a pecuniary penalty order shall be the amount which the court assesses to be the value of that person’s benefit from the offence or if more than one, all the offences in respect of which the order may be made. (2) Where the court is satisfied as to any matter relevant for determining the amount which might be realised at the time the pecuniary penalty order is made, whether by acceptance under section 59 or otherwise, the Court may issue a certificate giving its opinion as to the matters concerned, and shall do so if satisfied that the amount that might be realised at the time the pecuniary penalty order is made is less than the amount it assesses to be the value of the person’s benefit from the offence, or if more than one, all the offences in respect of which the pecuniary penalty order may be made. 122[CAP. 104 Money Laundering and Terrorism (Prevention)

Amended by: 7 of 2016

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