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Proceeds of Crime (Financial Intelligence) (Jersey) Regulations 201-

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While there is a presumption toward publication to support of transparency and accountability, detailed information may not be published if, for example, it would constitute a breach of data protection, or disclosure would prejudice commercial interest.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 15 January 2015:

Decision Reference: MD-C-2015-0004

Decision Summary Title :

Draft Proceeds of Crime (Financial Intelligence) (Jersey) Regulations 201-

Date of Decision Summary:

14 January 2015

Decision Summary Author:

 

Legislative and Policy Development, Financial Services

Decision Summary:

Public or Exempt?

(State clauses from Code of Practice booklet)

Public

Type of Report:

Oral or Written?

Written

Person Giving

Oral Report:

 

Written Report

Title :

Draft Proceeds of Crime (Financial Intelligence) (Jersey) Regulations 201-

Date of Written Report:

14 January 2015

Written Report Author:

Legislative and Policy Development, Financial Services

Written Report :

Public or Exempt?

(State clauses from Code of Practice booklet)

Public

Subject:

 

Approval of the draft Proceeds of Crime (Financial Intelligence) (Jersey) Regulations 201-for lodging.

 

Decision(s):

 

The Chief Minister approved the draft Proceeds of Crime (Financial Intelligence) (Jersey) Regulations 201- (the “draft Regulations”) for lodging and directed that the documents should be lodged au Greffe for debate by the States at the earliest opportunity. 

 

Reason(s) for Decision:

 

The draft Regulations formally establish in legislation a Financial Intelligence Unit (“FIU”) as the Joint Financial Crime Unit of the States of Jersey police force and determine that it shall carry out the functions of such a unit as defined by Article 41(B)1 of the Proceeds of Crime (Jersey) Law 1999, as amended. The Joint Financial Crime Unit of the States of Jersey police force has existed for some time, this legislation just formalises its existence and powers in legislation.

 

The draft Regulations further provide powers for the FIU to gather information in certain circumstances. There are specific criteria required for making a request detailed in the Regulations and details of the categories of information which may lawfully be sought. The Regulations make it an offence not to comply with a valid request for information. Finally the draft Regulations make consequential amendments to the Money Laundering (Jersey) Order 2008.

 

 

 

The draft Regulations are being lodged in order to facilitate the island’s continued compliance with the evolving recommendations of the Financial Action Task Force (“FATF”) on anti-money laundering and countering the financing of terrorism.

 

The Financial Crime Strategy Group, who advise Ministers on matters relating to Financial Crime have confirmed their support of the principal behind the draft Regulations.

 

Resource Implications:

 

There are no resource implications as a result of this decision.

 

Action required:

 

That the draft Proceeds of Crime (Financial Intelligence) (Jersey) Regulations 201-be lodged au Greffe for debate by the States at the earliest opportunity.

Signature:

 

 

 

Senator Ian Gorst

Position:

 

 

 

Chief Minister of Jersey

Date Signed:

 

 

Date of Decision (If different from Date Signed):

 

 

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