Search and Seizure under AML Act
(a) has committed any act which constitutes money-laundering;
(b) is in possession of any property involved in money laundering; or
(c) is in possession of any record which may be useful for or relevant to proceedings under this Act, he may either himself, or authorize any officer subordinate to him to,—
(i) enter and search any building, place, vessel, vehicle or aircraft where he has reason to suspect that such record or properties are kept;
(ii) break open the lock of any door, box locker, safe, almirah or other receptacles for exercising the powers conferred by
clause (i) where the keys thereof are not available;
(iii) seize any such record or property found as a result of such search;
(iv) place marks of identification on such record or make, or cause to be made, extracts or copies therefrom;
(v) make a note of any inventory of such record or property; or
(vi) examine any person, who is found to be in possession or control of any such record or property, in respect of all matters relevant for the purposes of any investigation under this Act.”;
(2) The powers to search under sub-section (1) shall be exercisable by the investigating officer with the prior permission of the Court:
Provided that where immediate action is required, the powers of search and seizure shall be exercisable with the prior permission of the senior officer of the concerned investigating or prosecuting agency not below the rank of an officer of BS-20.
(3) The investigating officer shall, within forty-eight hours immediately after search and seizure, forward a copy of the report on search and seizure to the head of the concerned investigating or prosecuting agency in a sealed envelope.
(4) Where the investigating officer, upon information obtained during survey under section 13, is satisfied that any evidence shall be or is likely to be concealed or tampered with, he may, for reasons to be recorded in writing, enter and search the building or place where such evidence is located and seize that evidence.
Search of persons
If an investigating officer, has reason to believe (the reason for such belief to be recorded in writing) that any person has secreted about the person or anything under his possession, ownership or control, any record or property which may be useful for or relevant to any proceedings under this Act, he may search that person and seize such record or property which may be useful for or relevant to any proceedings under this Act.
(2) The investigating officer shall, within forty-eight hours immediately after search and seizure, forward a copy of the report on search and seizure to the head of the concerned investigating or prosecuting agency in a sealed envelope.
(6) No female shall be searched by any one except a female.
(7) The investigating officer shall record the statement of the person searched under sub-section (1) in respect of the records or property involved in money laundering and found or seized in the course of the search.
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.
