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Draft Proceeds of Crime (Amendment) (Jersey) Law 200- (MD-TR-2007-0099)

In 2008 the Island’s framework to counter money laundering and terrorist financing is to be the subject of a review by the International Monetary Fund. Jersey will be assessed against the international standards set by the Financial Action Task Force on Money Laundering (“FATF”). The amendments to this draft Law have been formulated to achieve a number of the criteria set out in the 40 Recommendations and 9 Special Recommendations of the FATF, against which Jersey will be assessed and also to address inconsistencies in the current operation of the Proceeds of Crime (Jersey) Law, 1999, (“POCL”) the Drug Trafficking Offences (Jersey) Law, 1988 (“DTOL”) and the Terrorism (Jersey) Law, 2002 (“TL”).

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07:29 Posted in Jersey | Permalink | Comments (2)


Very interesting... as always! Cheers from -Switzerland-.

Posted by: Dog training | 11/27/2007

For your information:
The JFSC (Jersey Financial Services Commission )have announced that the Money Laundering (Jersey) Order will not be effective before 01.02.2008 and the amendment to Schedule 2 ( the inclusion of lawyers, accountants, et al)of the Proceeds of Crime (Jersey) Law will not be debated by the States of jersey until 12.02.2008 and therefore cannot come into force before 19.02.2008

Posted by: charles O'S | 12/19/2007

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