← belizelaw.ai · Money Laundering And Terrorism, Cap. 104 · PART V — Miscellaneous

Receipts and Disbursements

Cap. 104, s. 79 · Revised Edition 2020

(1) There shall be credited to the Fund– (a) all moneys derived from the fulfillment of confiscation and forfeiture orders and from settlements of confiscation and forfeiture claims; (b) any sums of money allocated to the Fund from time to time by parliamentary appropriation; (c) any voluntary payment, grant or gift made by any person for the purposes of the Fund; (d) any income derived from the investment of any amount standing to the credit of the Fund; (e) any sharing of confiscated or forfeited property and funds received from other States; and (f) any sums of money received from the imposition of a pecuniary penalty. (2) The Minister of Finance may authorise payments out of the Fund to– (a) pay the administrative expenses of the (b) compensate victims who suffered losses as a result of offences, terrorism or other unlawful activity; (c) satisfy a compensation order made under this Act; (d) enable the appropriate law enforcement agencies to continue their fight against offences, terrorism and other unlawful activities; (e) share forfeited property with foreign States; (f) rehabilitate drug users; (g) educate the public on the dangers of drug abuse; (h) satisfy a compensation order relating to the lifting of a restraint; (i) pay expenses relating to the recovery, management and disposition of property including mortgages and liens against relevant property and the fees of receivers, trustees, managers or other professionals providing assistance; and (j) pay the costs associated with the administration of the Fund, including the costs of external audits. (3) The Fund shall be annually audited by an external auditor approved by the Minister.

Amended by: 7 of 2016; 7 of 2016

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