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Approval of the Amendment to the draft Proceeds of Crime (Supervisory Bodies) (Jersey) Law 200-

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A decision made (12/03/2008) regarding: Approval of the Amendment to the draft Proceeds of Crime (Supervisory Bodies) (Jersey) Law 200- ("the Amendment").

Decision Reference:   MD-E-2008-0047 

Decision Summary Title :

Amendments to the draft Proceeds of Crime (Supervisory Bodies) (Jersey) Law 200- (“the Draft Law”)

Date of Decision Summary:

10 March 2008

Decision Summary Author:

James Mews

Finance Industry Development Executive

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 :

Amendments to the draft Proceeds of Crime (Supervisory Bodies) (Jersey) Law 200-

Date of Written Report:

10 March 2008

Written Report Author:

James Mews 

Finance Industry Development Executive

Written Report :

Public or Exempt?

(State clauses from Code of Practice booklet)

Public

Subject:    

Approval of the Amendment to the draft Proceeds of Crime (Supervisory Bodies) (Jersey) Law 200- (“the Amendment”)

Decision(s):  

The Minister approved the Amendment and the attached report and signed the declaration of compatibility with the European Convention on Human Rights and for the Financial Industry Development Executive to take such steps as are necessary to lodge them au Greffe in time to amend the existing proposed Amendment to the Law for the States to debate together on 1 April 2008.

Reason(s) for Decision: 

The Amendment corrects an anomaly in the Draft Law.  It also inserts an Order making power which was previously omitted, together with the usual provision allowing Orders to deal with consequential and incidental matters.

 
Resource Implications: 

No measurable cost or manpower implications arise for the Commission, the States or industry.

Action required: 

The Finance Industry Development Executive take such steps as are necessary to lodge the Amendment au Greffe in time for the States to debate on 1 April 2008.

Signature:  Senator P.F.C.Ozouf  
 

Position:  Minister 

Date Signed: 

Date of Decision (If different from Date Signed): 

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