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ORDINANCE XXVII OF 2009 ORDINANCE XXVII OF 2009 ANTI-MONEY LAUNDERING ORDINANCE, 2009 An Ordinance to provide for prevention of money Laundering [Gazette of Pakistan, Extraordinary, Part I, 26th November, 2009] No.2 (I) 12009-Pub., dated 26-11-2009.--The following Ordinance promulgated by the President is hereby published for general information: Whereas, it is expedient to provide for prevention of money laundering and forfeiture of property derived from, or involved in, money laundering and for matters connected therewith or incidental thereto; And, whereas the National Assembly is not in session and the President is satisfied that circumstances exist which render it necessary to take immediate action; Now, therefore, in exercise of the powers conferred by clause (1) of Article 89 of the Constitution of the Islamic Republic of Pakistan, the President is pleased to make and promulgate the following Ordinance:- 18. Retention of records.--(1) Where any record has been seized under section 14 or section 15 and the investigating officer has reason to believe that any of such records are required to be retained for an inquiry under this Ordinance, he may retain such records for a period not exceeding ninety days from the time the record was seized. (2) The person, from whom records were seized, shall be entitled to obtain copies of records retained under subsection (1). (3) On the expiry of the period specified under subsection (1), the records shall be returned to the person from whom such records were seized unless the Court permits retention of such records beyond the said period. (3) The Court before authorizing the retention of such records beyond the period mentioned in subsection (1) shall satisfy itself that the records were required for the purposes of investigation under section 9. (4) After passing of an order of forfeiture under subsection (6) of section 9, the Court shall direct the release of the records to the person from whom such records were seized.