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Section 103: Special account

Anti-Money Laundering Act · 118

Point-in-time consolidation · as at 27 November 2020. This non-pilot lookup is excluded from search indexes pending a deterministic currency check. Verify against the latest Uganda Gazette before relying on it.

Consolidated text

(1) There shall be paid into a special account funds appropriated by Parliament (2) The funds as appropriated under subsection (1) may be used for the following purposes- (a) to satisfy an obligation of the Republic of Uganda to a foreign State in respect of the equitable sharing of confiscated or forfeited property, whether under a treaty or arrangement providing for mutual assistance in criminal matters or otherwise; (b) to meet the remuneration and expenses of a receiver, trustee, or manager appointed to carry out the provisions of this Act; (c) to pay valid mortgages and liens against confiscated property; (d) to pay necessary expenses for the management, maintenance, repairs, upkeep or disposition of seized or confiscated property; (e) to recover costs associated with administration of the Account.

Source: laws_africa.