Page 234 - FIC ANTI MONEY LAUNDERING AND COUNTER-TERRORISM FINANCING LEGISLATION
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Chapter 7 I POCA
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69. Powers and functions of Committee
The Committee may—
(a) make recommendations to Cabinet with regard to a policy to be adopted concerning the forfeiture and realisation of property, other than moneys, in terms of Chapter 6 and the transfer of such property to the Account in terms of any other Act;
(b) make recommendations to Cabinet with regard to the allocation of property and moneys from the Account to specific law enforcement agencies;
(c) make recommendations to Cabinet with regard to the allocation of property and moneys from the Account to any institution, organisation or fund contemplated in section 68(c);
(d) make recommendations to Cabinet regarding the allocation of moneys for the administration of the Committee;
(e) exercise such powers and shall perform such functions as may be conferred or imposed upon it by this Chapter, and may exercise such powers as may be necessary or expedient for or incidental to the achievement of its objects; and
(f) exercise such powers and perform such functions as may be conferred or imposed upon it by regulations as may be necessary or expedient for or incidental to the achievement of its objects or the powers and functions referred to in paragraphs (a), (b), (c) and (d).
69A. Utilisation of Account and accountability
(1) The property and money allocated to, or standing to the credit of, the Account may be utilised by Cabinet, after considering the recommendations of the Committee, for—
(a) the allocation of property and amounts of money from the Account to specific law enforcement agencies;
(b) the allocation of property and amounts of money from the Account to any institution, organisation or fund contemplated in section 68(c); and
(c) the administration of the Account.
