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Proceeds of Crime (Supervisory Bodies) (Designation of Supervisory Bodies) (Amendment) (Jersey) Order 2010

A formal published “Ministerial Decision” is required as a record of the decision of a Minister (or an Assistant Minister where they have delegated authority) as they exercise their responsibilities and powers.

Ministers are elected by the States Assembly and have legal responsibilities and powers as “corporation sole” under the States of Jersey Law 2005 by virtue of their office and in their areas of responsibility, including entering into agreements, and under any legislation conferring on them powers.

An accurate record of “Ministerial Decisions” is vital to effective governance, including:

  • demonstrating that good governance, and clear lines of accountability and authority, are in place around decisions-making – including the reasons and basis on which a decision is made, and the action required to implement a decision

  • providing a record of decisions and actions that will be available for examination by States Members, and Panels and Committees of the States Assembly; the public, organisations, and the media; and as a historical record and point of reference for the conduct of public affairs

Ministers are individually accountable to the States Assembly, including for the actions of the departments and agencies which discharge their responsibilities.

The Freedom of Information Law (Jersey) Law 2011 is used as a guide when determining what information is be published. While there is a presumption toward publication to support of transparency and accountability, detailed information may not be published if, for example, it would constitute a breach of data protection, or disclosure would prejudice commercial interest.

A decision made 22 February 2010 regarding: Proceeds of Crime (Supervisory Bodies) (Designation of Supervisory Bodies) (Amendment) (Jersey) Order 2010.

Decision Reference: MD-E-2010-0028

Decision Summary Title:

Proceeds of Crime (Supervisory Bodies) (Designation of Supervisory Bodies) (Amendment) (Jersey) Order 201-

        

Date of Decision Summary:

16 February 2010

Decision Summary Author:

Director, Finance Industry Development

Decision Summary:

Public or Exempt?

Public

Type of Report:

Oral or Written?

Written

Person Giving

Oral Report:

n/a

Written Report

Title:

Proceeds of Crime (Supervisory Bodies) (Designation of Supervisory Bodies) (Amendment) (Jersey) Order 201-

         

Date of Written Report:

16 February 2010

Written Report Author:

Director, Finance Industry Development

Written Report :

Public or Exempt?

Public

Subject: 

Proceeds of Crime (Supervisory Bodies) (Designation of Supervisory Bodies) (Amendment) (Jersey) Order 2010.    

                 

Decision(s):

The Minister made the Proceeds of Crime (Supervisory Bodies) (Designation of Supervisory Bodies) (Amendment) (Jersey) Order 2010

Reason(s) for Decision:

The designation of the Jersey Financial Services Commission as the supervisory body under the Proceeds of Crime legislation for lawyers and accountants was subject to a sunset clause that expires on 19 March 2010.  The Order will extend the designation period for a further 18 months, until 19 September 2011.

Resource Implications: 

There are no manpower implications for the States.  Any financial costs will be incurred by the Jersey Financial Services Commission's Anti-money Laundering Unit, whose total operating costs are forecast to be £725,000 per annum.  The costs of the AML Unit will be split between the Economic Development Department in accordance with normal business planning (42.5%) and industry (57.5%).

Action required: 

The Minister to sign, date and seal the draft Order and for it to be returned to the States Greffe.

Signature: Senator A.J.H.Maclean  

Position: Minister for Economic Development 
 

Date Signed:                 
 

Date of Decision:         

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