← belizelaw.ai · Money Laundering And Terrorism, Cap. 104 · PART IV — Freezing and Forfeiture of Assets in Relation to Money

Effect of forfeiture order in respect of terrorist property

Cap. 104, s. 75 · Revised Edition 2020

(1) Subject to sub-section (2), where the Supreme Court makes a forfeiture order against any property, the property vests absolutely in the Government by virtue of the order. (2) Where property ordered to be forfeited is real property– (a) the property vests in Government in equity only and not at law until the applicable registration requirements have been complied with; (b) the Government is entitled to be registered as owner of the property; or 136[CAP. 104 Money Laundering and Terrorism (Prevention) (c) the Director of Public Prosecutions or the Financial Intelligence Unit has power on behalf of the Government to do or authorise the doing of anything necessary or convenient to obtain the registration of Government as owner, including the execution of any instrument to be executed by a person transferring an interest in property of that kind. PART IVA Enforcement of Foreign Orders and Cooperation with Foreign Schedule VI.
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