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Financial Intelligence Unit: Appointment of Governance Board

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A decision made 26 July 2023:

Decision Reference:  MD-CM-2023-496

Public

Subject: Appointment of FIU Governance Board as per Regulation 2D(2) of  the PROCEEDS OF CRIME (FINANCIAL INTELLIGENCE) (AMENDMENT) (JERSEY) REGULATIONS 2022

 

Report Title: Appointment of FIU Governance Board

Public

Decision(s):

The Proceeds of Crime (Financial Intelligence) (Amendment) (Jersey) Regulations 2022 will come into force on 26th July 2023.  Regulation 2D (2) of the above-mentioned regulations states that 'The members of the Financial Intelligence Unit ('FIU') Governance Board are appointed by the Minister”  Regulation 2D (3) states that “The Minister must appoint to the FIU Governance Board – (a) at least one representative from a Jersey competent authority; and (b) at least one representative from a Government department.  The Assistant Chief Minister with responsibility for Financial Services decided to appoint the FIU Governance Board in line with these Regulations.

Reason for Decision(s):

The Assistant Chief Minister with responsibility for Financial Services appointed the following persons as members of the FIU Governance Board;  1. The Chief Officer of the States of Jersey Police 2. The Attorney General 3. The Head of Jersey Customs and Immigration Service 4. The Director of Enforcement from the Jersey Financial Services Commission 5. The Director of Financial Crime Strategy, Department for the Economy, Government of Jersey   The first 4 members of the FIU Governance Board lead the Jersey competent authorities which have the most frequent operational interaction with the Financial Intelligence Unit and the fifth board member fulfils the requirement to have at least one presentative from Government and is the official with ultimate responsibility for implementing Jersey’s National Strategy for Combatting Financial Crime, as detailed in the accompanying report.

Resource Implications: There are no new financial/manpower implications.

 

Action Required: Appointment of the FIU Governance Board.

Signature:

 

 

Signed By: Deputy Elaine Millar

Date Signed:

 

 

Date of Decision (If different from Date Signed):

 

 

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