The objects and reasons of this Bill are to provide for the recovery of proceeds of crime. The Bill is to set up and restructure the Asset Recovery Bureau also defining the structure of the said Bureau and defining its relationship with and independence from the Government. The Bill also provides the basis for the harmonisation of the procedures enacted under various laws in respect of proceeds of crime. Moreover the Bill establishes a section of the Civil Court for the purpose of regulating disputes relative to the confiscation of the proceeds of crime and for civil procedures for the recovery of assets constituting proceeds of crime. Provision is also made for in rem proceedings on property consisting of proceeds of crime.
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