XN000022-1989-02-24 — Page 3

N

FRIDAY, FEBRUARY 24, 1989

THE SAME

WHEN MAKING A CONFISCATION ORDER, THE COURT WILL AT

TO ACCORDING

THE TIME FIX A TERM OF IMPRISONMENT OF UP TO 10 YEARS

COMPLIED AMOUNT OF THE ORDER IN THE EVENT THAT THE ORDER IS NOT FULLY WITH. THIS WILL BE IN ADDITION TO ANY TERM OF IMPRISONMENT DETERMINED FOR THE DRUG TRAFFICKING OFFENCE.

AND AFTER

A TO PREVENT

SUSPECTED DRUG TRAFFICKER FROM DISPOSING OF REALISABLE PROPERTY IN ORDER

THE ENFORCEMENT OF ANY CONFISCATION ORDER, THE COURT WILL BE EMPOWERED TO MAKE RESTRAINT CHARGING ORDERS

EITHER PROPERTY,

FOR A PERSON

A DRUG SUCHI PROCEEDINGS ARE ABOUT ΤΟ BE

PROCEEDINGS

TRAFFICKING

ΤΟ FRUSTRATE

IN RESPECT

OF REALISABLE HAVE BEEN INSTITUTED AGAINST OFFENCE, OR WHEN

INSTITUTED.

THERE IS ALSO PROVISION IN THE BILL FOR THE REGISTRATION ENFORCEMENT OF CONFISCATION ORDERS MADE OVERSEAS.

MEASURE AS A

то COUNTER DRUG MONEY

AND

THE LAUNDERING,

BILL IMPRISONMENT FOR ANY ΤΟ RETAIN OR

PROVIDES FOR A MAXIMUM PENALTY OF 14 YEARS' PERSON WHO IS CONVICTED OF ASSISTING A DRUG TRAFFICKER OTHERWISE BENEFIT FROM DRUG TRAFFICKING PROCEEDS.

WHICH THEY

UNDER THIS PART OF THE BILL, PERSONS WILL BE OBLIGED TO TO THE POLICE OR CUSTOMS FINANCIAL TRANSACTIONS SUPSECT TO BE CONNECTED WITH DRUG TRAFFICKING.

ΤΟ ENCOURAGE THOSE CONCERNED, PARTICULARLY INSTITUTIONS AND THEIR EMPLOYEES, TO VOLUNTEER INFORMATION, STIPULATES THAT SUCH DISCLOSURE WILL

BE TREATED AS CONTRACT OR PROVIDE GROUNDS FOR SEEKING DAMAGES FOR ANY ARISING.

NOT

REPORT KNOW OR

FINANCIAL

THE BILL BREACH OF LOSS THUS

IT ALSO PROVIDES THAT THE IDENTITY OF PERSONS MAKING DISCLOSURE TO THE AUTHORITIES SHOULD NOT BE REVEALED.

RESULT OF A SUSPECT WHO ACQUITTED, A PROPERTY

HIGH COURT

ON MAY, COMPENSATION PAID ΤΟ THE

IS WHERE THE HIGH COURT

SATISFIED THAT AS A SERIOUS DEFAULT IN THE INVESTIGATION OR PROSECUTION OF A

CHARGED BUT IS EVENTUALLY NOT CHARGED OR IS HOLDER HAS SUFFERED SUBSTANTIAL LOSS, THEN APPLICATION BY THE PROPERTY HOLDER, ORDER APPLICANT.

THE

THAT

THE

ELABORATING ON THE PROPOSED LEGISLATION AT A PRESS CONFERENCE TODAY, THE SECRETARY FOR SECURITY, MR GEOFFREY BARNES, SAID HONG KONG ASSOCIATION OF BANKS, THE HONG KONG DEPOSIT-TAKING COMPANIES ASSOCIATION, THE LAW SOCIETY OF HONG KONG, THE HONG KONG BAR ASSOCIATION, THE HONG KONG SOCIETY OF ACCOUNTANTS AND COMMITTEE AGAINST NARCOTICS (ACAN) HAD BEEN CONSULTED DRAFTING STAGES OF THE BILL.

THE ACTION THROUGHOUT THE

/HE SAID