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Proceeds of Crime (Supervisory Bodies) (Designation of Supervisory Bodies) (Amendment No. 3) (Jersey) Order 2013

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While there is a presumption toward publication to support of transparency and accountability, detailed information may not be published if, for example, it would constitute a breach of data protection, or disclosure would prejudice commercial interest.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 6 February 2013:

Decision Reference: MD-E-2013-0023

Decision Summary Title :

Proceeds of Crime (Supervisory Bodies) (Designation of Supervisory Bodies) (Amendment No.3) (Jersey) Order 2013

Date of Decision Summary:

 4 February 2013

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 No.3) (Jersey) Order 2013

Date of Written Report:

 4 February 2013

Written Report Author:

Director, Finance Industry Development

Written Report :

Public or Exempt?

(State clauses from Code of Practice booklet)

Public

Subject:  

 

Proceeds of Crime (Supervisory Bodies) (Designation of Supervisory Bodies) (Amendment No.3) (Jersey) Order 2013 in relation to the regulation of lawyers and accountants for Anti Money Laundering and Countering the Financing of Terrorism (“AML/CFT”)

 

Decision(s):

 

The Minister made the Proceeds of Crime (Supervisory Bodies) (Designation of Supervisory Bodies) (Amendment No.3) (Jersey) Order 2013

 

Reason(s) for Decision:

 

The designation of the JFSC as the body responsible for supervising the compliance of lawyers and accountants with Jersey’s AML/CFT provisions has, to date, always been subject to a statutory sunset provision. That sunset provision is due to expire on 19 March 2013.

The Law Society has requested that the designation of the JFSC be extended for a further 3 years to 19 March 2016.

The Jersey Society of Chartered and Certified Accountants (“JSCCA”) which represents the accountancy profession in Jersey, has stated that it is content for the designation of the JFSC as the AML/CFT supervisory body for accountants to be extended beyond 19 March 2013 without a further sunset provision (i.e. so that the designation of the JFSC would be for the foreseeable future).

 

The Order makes these amendments.

 

Resource Implications:

 

There are no additional resource implications for the States of Jersey as a result of this decision.

Action required:

 

That the Order is sealed and sent to the States publications editor for publication forthwith.

Signature:

 

 

Senator AJH Maclean

Position:

Minister for Economic Development

 

Date Signed:

 

 

Date of Decision (If different from Date Signed):

 

 

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