Volume 123, Number 105A
Royal Gazette
3 October 2549
is pending before the National Anti-Corruption Commission, Anti-Money Laundering Commission, or Transactions Commission, [the Committee] shall coordinate [with the Commission] in order to proceed with [the matter] as proper for the circumstances.
Article3.The Scrutiny Committee shall notify the name of the person under article 2 to financial institutions, the Office of the Securities and Exchange Commission, the Land Department, the Revenue Department, and other relevant agencies, as well as the possessors of property, documents, or evidence relating to the property of such person, and require the agencies or persons concerned to notify the Scrutiny Committee of information relating to the relevant property, tax payments, and property-related transactions of the person under article 2 and his or her spouse and children who have not yet attained majority, subject to the time limit and procedure designated by the Scrutiny Committee.
In carrying out the duty under paragraph 1, the Office of the Securities and Exchange Commission shall have the power to order securities companies to send information and documents to the Office of the Securities and Exchange Commission to further be notified to the Scrutiny Committee.
Article4.In the event that a person whose property has been seized or sequestered by virtue of article 2 fails to give notice of the information under article 3, fails to deliver the seized property, or removes or disposes of the sequestered property, the said property shall be deemed to have been obtained wrongfully and shall constitute unusual wealth or unusually increased property.
In the event that any of the agencies or persons under paragraph 3 fails to do as required by the Scrutiny Committee by virtue of article 3 and damage arises out of such failure, the said agency or person shall be liable for the arisen damage.
Article5.As for the property seized or sequestered by virtue of article 2, if its owner successfully proves before the Scrutiny Committee within the period of time designated by the Scrutiny Committee that he or she is its true owner and it has not been obtained through the commission of an offence or is not related to unusual wealth or unusual increase of property, the Scrutiny Committee shall have the power to order revocation of its seizure or sequestration.
