Power of survey under AML Act

Power of survey under AML Act

Power of survey under AML Act: Notwithstanding anything contained in any other provisions of this Act, where an investigating officer, on the basis of material in his possession, has reasons to believe that an offence of money laundering has been committed, he may, with the permission of the Court, enter any place,

(a)      within the limits of the area assigned to him; or

(b)      in respect of which he is authorized for the purposes of this section by such other authority who is assigned the area within which such place is situated, at which any act constituting the commission of such offence is carried on,  and may require any proprietor, employee or any other person who may at that time and place be attending in any manner to, or helping him in, such act so as to,—

(i)       afford him the necessary facility to inspect such record as he may require and which may be available at such place;

(ii)      afford him the necessary facility to check or verify the proceeds of crimes or any transaction related to proceeds of crimes which may be found therein; and

(iii)     furnish such information as he may require as to any matter which may be useful for, or relevant to, any proceedings under this Act.

Explanation.—For the purpose of this sub-section, a place, where an act which constitutes the commission of the offence is carried on, shall also include any other place, whether any activity is carried on therein or not, in which the person carrying on such activity states that any of his records or any part of his property relating to such act are or is kept.

(2)      The investigating officer referred to in sub-section (1), shall, after entering any place referred to in that sub-section and within forty-eight hours immediately after completion of survey, forward a copy of the report on survey to the head of the concerned investigating or prosecuting agency in a sealed envelope.

(3)      The investigating officer acting under this section may,

(a)      place marks of identification on the records inspected by him and make or cause to be made extracts or copies there from.

(b)      make an inventory of any property checked or verified by him, and

(c)      record the statement of any person present in the place which may be useful for or relevant to any proceeding under this Act.

Anti Money Laundering Training

Anti Money Laundering Training / Financial Crime training is available in Lahore, Islamabad, Karachi Pakistan as “online live training” or “onsite live training”.

This training on Anti Money Laundering in Lahore will cover different types of anti money laundering schemes and will equip participants in knowing how to analyze them and how to identify leads.

This training on Anti Money Laundering in Lahore, Islamabad, Karachi, Faisalabad is also available as inhouse training option for companies all over Pakistan.