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Draft Proceeds of Crime (Amendment No.2) (Jersey) Law 200- and Draft Drug Trafficking Offences (Amendment No.2) (Jersey) Law 200-

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.

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A decision made (28.07.08) to lodge both the Draft Proceeds of Crime (Amendment No.2) (Jersey) Law 200- and the Draft Drug Trafficking Offences (Amendment No.2) (Jersey) Law 200-

Decision Reference:  MD-TR-2008-0084

Decision Summary Title:

Draft Proceeds of Crime (Amendment No. 2) (Jersey) Law 200- and Draft Drug Trafficking Offences (Amendment No. 2) (Jersey) Law 200-

Date of Decision Summary:

25 July 2008

Decision Summary Author:

Caroline Dutôt, Assistant Legal Adviser, Law Officers’ Department

Decision Summary:

Public or Exempt?

Public

Type of Report:

Oral or Written?

Written

Person Giving

Oral Report:

 

Written Report

Title:

Proposals to amend the Proceeds of Crime (Jersey) Law, 1999 and the Drug Trafficking Offences (Jersey) Law, 1988

Date of Written Report:

24 July 2008

Written Report Author:

Caroline Dutôt, Assistant Legal Adviser, Law Officers’ Department

Written Report :

Public or Exempt?

Public

Subject:

 Amendments to the Proceeds of Crime (Jersey) Law, 1999 (“POCL”) and the Drug Trafficking Offences (Jersey) Law, 1988 (“DTOL”).

 

Decision(s):

The Minister agreed to lodge both the Draft Proceeds of Crime (Amendment No. 2) (Jersey) Law 200- and the Draft Drug Trafficking Offences (Amendment No. 2) (Jersey) Law 200- and instructed officers to make the necessary arrangements for the Regulations to be lodged au Greffe at the earliest opportunity with a request for debate on 8 September 2008.

 

Reason(s) for Decision:  

 

To provide for a ‘second wave’ of amendments to the POCL and DTOL in preparation for the assessment by the International Monetary Fund in October of this year.  The amendments fall into five categories (described more amply in the accompanying reports):

 

1. Designating Officers.

 

2. Provision for Codes and guidance to be issued under the Supervisory Bodies Law.

3. Tipping off when a disclosure will be made.

4. Definition of business relationship.

5. Person carrying on a financial services business.

 

Resource Implications: None.

Action required: Attached proposition and report to be sent to the Publications Editor of the Greffe by a Treasury officer - with a request that it be lodged at the earliest opportunity in time for a debate on 8 September 2008.

 

 

Signature:

 

 

 

 

Position: Senator T A Le Sueur, Minister for Treasury and Resources

 

                 

 

Date Signed:

Date of Decision:

 

 

 

 

 

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