16

ACT VII OF 2010 ACT VII OF 2010 ANTI-MONEY LAUNDERING ACT, 2010 An Act to provide for prevention of money laundering [Gazette of Pakistan, Extraordinary, Part I, 27th March 2009] No.F.9 (4)/2010-Legis., dated 27-3-2010.--The following Act of Majlis-e-Shoora (Parliament) received the assent of the President on 26th March, 2010, is hereby published for general information: Whereas, it is expedient to provide for prevention of money laundering combating financing of terrorism and forfeiture of property derived from, or involved in, money laundering or financing of terrorism and for matters connected therewith or incidental thereto; It is hereby enacted as follows:-- 16. Power to arrest.--(1) If the Investigating Officer or any other officer of the agency referred to in subsection (2) of section 24 authorized in this behalf by the Federal Government by general or special order, has, on the basis of material in his possession, reason to believe (the reason for such belief to be recorded in writing) that any person has been guilty of an offence punishable under this Act, he may after obtaining warrant from the Court or the nearest Judicial Magistrate/arrest such person and shall, as soon as may be, inform him of the grounds for such arrest. (2) The Investigating Officer or, any other officer, as the case may be, shall, immediately after arrest of such person under subsection (1) forward a copy of the order along with the copies or details of the material in his possession referred to in that subsection to the head of the concerned investigating agency in a sealed envelop in the manner, as may be prescribed and such agency shall keep such order and material for such period as may be prescribed. (3) Every person arrested under subsection (1) shall within twenty-four hours be taken to a judicial magistrate having jurisdiction: Provided that the period of twenty-four hours shall exclude the time necessary for the journey from the place of arrest to the Magistrate's court.