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AI summary
The South African Reserve Bank issued a notice and order of forfeiture under Exchange Control Regulation 22B in respect of money held in two ABSA Bank accounts in the name of Mr Guangsheng Lin. The notice states that R458 866.47 and R58 658.84, together with any interest or other accrual, are forfeited to the State on publication in the Gazette and are to be deposited into the National Revenue Fund.
This may be relevant to exchange control and banking matters involving forfeiture notices.
Evidence from source
The date upon which the money specified in 2 above is hereby forfeited to the State is the date upon which this Notice and Order of Forfeiture is published in this Gazette.
Supports: The forfeiture date is publication in the Gazette and the money is to be deposited into the National Revenue Fund.