1Purposes

1 Purposes

The purposes of this Act are—

(a) to provide for the forfeiture of the proceeds of certain offences, whatever the form into which they have been converted;

(b) to provide for the automatic forfeiture of restrained property of persons convicted of certain offences in certain circumstances;

S. 1(c) substituted by No. 87/2004 s. 4, amended by No. 68/2010 s. 34.

(c) to provide for the civil forfeiture by the Supreme Court or the County Court of property restrained on suspicion that it is tainted property in relation to a Schedule 2 offence;

(d) to provide for the forfeiture of property used in connection with the commission of certain offences;

S. 1(da) inserted by No. 79/2014 s. 3.

(da) to provide for the forfeiture of property of a person who is unable to satisfy a court that the property was lawfully acquired;

S. 1(db) inserted by No. 26/2024 s. 3.

(db) to provide for the imposition of a debt to the State on, and for the forfeiture of property of, a person who is unable to satisfy a court that their wealth was lawfully acquired;

(e) to provide for the freezing of assets;

(f) to provide for the destruction or disposal of certain illegal goods;

(g) to provide for the effective enforcement of this Act and the management of seized and restrained assets;

(h) to preserve assets for the purpose of restitution or compensation to victims of crime;

(i) to amend the Sentencing Act 1991 to provide for the sentencing of continuing criminal enterprise offenders;

(j) to repeal the Crimes (Confiscation of Profits) Act 1986;

(k) to make consequential amendments to certain other Acts.