A briefing from law firm Ogier on 12th July outlined the introduction of a civil forfeiture process following MONEYVAL’s inspection of Jersey’s AML regime in 2015 and its subsequent report issued in May 2016.  The new Draft Law replaces and extends the current Proceeds of Crime (Cash Seizure) (Jersey) Law 2008 and applies to both cash and property held in bank accounts.  It also introduces the concept of a “civil forfeiture investigation” and the grant of investigative powers to the Attorney General or an authorised officer acting with the Attorney General’s consent.  The briefing says that the Draft Law provides a broad and powerful tool to financial crime investigators and prosecutors in Jersey.

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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