Simon Thomas and Clara Hamon of Baker & Partners outline Jersey’s new anti-money laundering law
Jersey has bolstered the tools available to tackle money laundering with legislation to establish a non-conviction-based confiscation regime. The Forfeiture of Assets (Civil Proceedings) (Jersey) Law 2018 came into force last summer. It was introduced in response to a recommendation in MONEYVAL’s 2016 report following an inspection of the island’s anti-money laundering regime and it means assets can be forfeited where a case cannot be proven to the criminal standard.
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