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Introduction of the Money Laundering (Jersey) Order 200-.

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A decision made (28/01/2008) regarding: Introduction of the Money Laundering (Jersey) Order 200-

Decision Reference: MD-TR-2008-0010 

Decision Summary Title:

Draft Money Laundering (Jersey) Order 200-

Date of Decision Summary:

28 January 2008

Decision Summary Author:

Andrew Le Brun

Decision Summary:

Public or Exempt?

Public

Type of Report:

Oral or Written?

Written

Person Giving

Oral Report:

 

Written Report

Title:

Draft Money Laundering (Jersey) Order 200-

Date of Written Report:

23 January 2008

Written Report Author:

Andrew Le Brun

Written Report :

Public or Exempt?

Public

Subject: Introduction of the Money Laundering (Jersey) Order 200-

Decision(s):

The Minister made the Money Laundering (Jersey) Order 2008 and agreed that it should come into force on 4 February 2008 (7 days after it is made).

Reason(s) for Decision:

  • To implement FATF Recommendations 5 to 11, 13, 15, 21, and 22.
  • To ensure that obligations that are imposed on financial services business to prevent and detect money laundering take account of changes in money laundering methods and techniques.
  • To protect and enhance the reputation and integrity of Jersey in commercial and financial matters.

Resource Implications:  There are no financial or manpower implications for the States.

Action required:  To notify the Publications Editor, States Greffe, immediately the Order is made; and to liaise with the Greffier of the States to ensure that the making of the Order is notified to the States.

Signature: 
 

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

Date Signed: 28th January 2008

Date of Decision: 28th January 2008

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