ARTICLE · 17 JULY 2018

Reform Of Civil Forfeiture Orders In Jersey

Ogier

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MONEYVAL's inspection of Jersey's AML regime in 2015 and its subsequent report issued in May 2016 has focussed the minds of Jersey legislators and regulators to actively prosecute more financial crime and in particular to introduce a non-conviction based confiscation regime to apply in parallel with the conviction based system.

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Kate Kirk

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MONEYVAL's inspection of Jersey's AML regime in 2015 and its subsequent report issued in May 2016 has focussed the minds of Jersey legislators and regulators to actively prosecute more financial crime and in particular to introduce a non-conviction based confiscation regime to apply in parallel with the conviction based system. The Draft Forfeiture of Assets (Civil Proceedings) Jersey Law 201 (the Draft Law) is a paradigm shift in regulatory approach to achieve the objectives set by MONEYVAL. The Draft Law replaces and extends the current Proceeds of Crime (Cash Seizure) (Jersey) Law 2008 (the Cash Seizure Law) and applies to both cash and property held in bank accounts.

Overview of the Draft Law

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