ASSETS & FINANCIAL INVESTIGATIONS

Aim:-  To probe and seize drug money and assets acquired through drug money either moveable / immoveable. 

Introduction:-    The evil of narcotics money on the social fabric, economic conditions cannot be over emphasized. Drug money is the lifeblood of drug cartels, necessary for operation and growth of their vast black market. Many countries have declared ‘a war on drugs’ by passing laws providing severe punishments. Billions of dollars are being spent world over to curtail the menace of drugs. Governments have concluded that one of the most effective ways to combat drugs is to control drug money laundering and forfeit drug assets

LEGAL PROVISIONS - ASSETS INVESTIGATIONS 

RELEVANT LAWS

1. PREVENTION OF Smuggling ACT 1977 
2. DANGEROUS DRUGS ACT, 1930 
3. ANF ORDINANCES OF 1 995/96/97 AND ANF ACT I 997 
4. CNS ORDINANCES OF 1995/96/97 AND CNS ACT, 1997 

LEGAL PROVISIONS - ASSETS INVESTIGATIONS 

RELEVANT SECTIONS CNS ACT 1997 

1. Section 37 “Freezing of Assets, etc 
2. Section 1 9 & 39 “Forfeiture of Assets, etc”
3. Section 43. To take possession of Forfeited Assets. 
4. Section 40. Forfeiture of Assets of person convicted abroad
5. Section 12 & 13 & Anti Money Laundering Act 2010