(1) Regardless of what is written in the existing law, after the commencement of this Act, the provisions related to seizure, control and confiscation of the property obtained from the offense or the instrument related to the offense shall be in accordance with this Act. However, in relation to offenses committed before the commencement of this Act, the seizure, control and confiscation of assets obtained from such offenses or instruments related to the offence, shall be in accordance with the prevailing law.
(2) If there is a provision in the prevailing law to return the property, goods or instruments related to such offense to the person concerned or to compensate the victim thereof, upon commencement of this Act, the property obtained from the offense or the instrument related to the offense shall also be returned in accordance with the prevailing law. Or compensation will have to be paid.
(3) At the time of commencement of this Act, property, goods or equipment, which have been confiscated in accordance with the prevailing law and the process of auction sale has not started or could not be auctioned, and the updated details thereof shall be submitted by the relevant agency or official to the department or the relevant district administration office.
(4) According to the laws in force at the time of the commencement of this Act, the property, goods or equipment seized or taken under control by the investigation officer in the course of investigation and investigation and the updated details thereof shall be submitted to the department or the relevant district administration office by the relevant agency or officer.
(5) Notwithstanding anything written in sub-section (1), in relation to offenses relating to money laundering and financial investment in terrorist activities, the provisions relating to the seizure, control and confiscation of the assets obtained from the offense or the instruments related to the offence, shall be in accordance with the applicable law. However, the provisions of Sections 5 and 9 of this Act shall be applicable in relation to the property obtained from the offense or the instrument related to the offense which has been withheld or taken into custody.