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18. Retention of records.—(l) Where any record has been seized under section 14 or section 15 and the investigating officer has reason to believe that any of such records are required to be retained for an [investigation] under this Act, he may retain such records for a period not exceeding ninety days from the time the record was seized. (2) The person, from whom records were seized, shall be entitled to obtain copies of records retained under sub-section (1). (3) On the expiry of the period specified under sub-section (1), the records shall be returned to the person from whom such records were seized unless the Court permits retention of such records beyond the said period. (4) The Court before authorizing the retention of such records beyond the period mentioned in sub-section (1) shall satisfy itself that the records were required for the purposes of investigation under section 9. [(5)**** ***]

Effective date: 2010-03-27

Amendment history

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Version anti-money-laundering-act-2010~PK-FED~base · Source-traceable official reference. LawHub does not modify the official record.