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L'înformâtion et les sèrvices publyis pouor I'Île dé Jèrri

Proceeds of Crime (Low Risk Financial Services Business) (Jersey) Order 2024

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While there is a presumption toward publication to support of transparency and accountability, detailed information may not be published if, for example, it would constitute a breach of data protection, or disclosure would prejudice commercial interest.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 3 September 2024:

Decision Reference:  MD-ER-2024-667

Public

Subject: PROCEEDS OF CRIME (LOW RISK FINANCIAL  SERVICES BUSINESS) (JERSEY) ORDER 2024

 

Report Title: PROCEEDS OF CRIME (LOW RISK FINANCIAL  SERVICES BUSINESS) (JERSEY) ORDER 2024

Public

Decision(s):

The Minister made the Proceeds of Crime (Low Risk Financial Services Business) (Jersey) Order 2024.

Reason for Decision(s):

This Order designates activities as low risk financial services businesses and disapplies provisions  of the Money Laundering (Jersey) Order 2008 (the “MLO”) in respect of those activities.

Resource Implications: None

 

Action Required: The Greffier of the States is requested to notify the States Assembly that the Order has been made.

Signature:

 

Signed By: Minister for External Relations

Date Signed:

03/09/2024

 

Date of Decision (If different from Date Signed):

 

 

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