OpenLegislation

Paragraph 13 Tracing property

Original text. Later amendments are not shown.

(1)

Where property obtained through terrorism (“the original property”) is or has been earmarked as terrorist property, property which represents the original property is a1so earmarked.

(2)

If a person enters into a transaction by which—

(a)

he disposes of the original property or of property which (by virtue of this Part) represents the original property, and

(b)

he obtains other property in place of it,

the other property represents the original property.

(3)

If a person disposes of property which represents the original property, the property may be followed into the hands of a person who obtains it (and it continues to represent the original property).