JAMAICA APPEAL COURT LEAVES UNCERTAINTY OVER $150 MILLION SEIZED UNDER PROCEEDS OF CRIME ACT

The Gleaner on 5th June reported that a ruling by the nation’s second highest court has placed in limbo some 40 cases involving close to $150 million in cash that has been seized by the Financial Investigations Division (FID) under the Proceeds of Crime Act (POCA).  The Court of Appeal, in its unanimous, made it clear that the wrong procedure is being used before the Parish Courts to confiscate cash under POCA.

http://jamaica-gleaner.com/article/lead-stories/20180605/appeal-court-leaves-fid-limbo-ruling-creates-uncertainty-over-150m?src=ilaw

 

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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