Legislation

The Proceeds of Crime Act 2021 – ACT No. V of 2021

AN ACT enacted by the Parliament of Malta, to provide for the identification, tracing, freezing and confiscation of proceeds of crime including laundered property, income and other benefits derived from such proceeds held by criminal defendants, property that is the proceeds of, or used in, or intended or allocated for use in the financing of terrorism, terrorist acts or terrorist organisations, for the setting up of the Asset Recovery Bureau as a body, independent of the Government, for the said purpose, for non-conviction based confiscation of proceeds of crime and other matters consequential or ancillary thereto