Policy & Resources Committee - P.2018/72
The States are asked to decide:
Whether, after consideration of the Policy Letter entitled 'Revisions to the Proceeds of Crime Framework', dated 2nd July 2018, they are of the opinion:
1. That the anti-money laundering and combatting terrorist financing
framework in the Bailiwick should be updated to meet the revised
standards of the Financial Action Task Force, and recommendations
made by MoneyVal;
2. That the relevant provisions should be set out primarily in new Schedules
to the Criminal Justice (Proceeds of Crime) Law, 1999, as set out in that
Policy Letter;
3. To direct the preparation of legislation necessary to give effect to these proposals.
The above Propositions have been submitted to Her Majesty's Procureur for advice on any legal or constitutional implications in accordance with Rule 4(1) of the Rules of Procedure of the States of Deliberation and their Committees.
