Money Laundering
(Amendment No. 8) (Jersey) Order 2015
Made 23rd March 2015
Coming into force 24th
March 2015
THE CHIEF MINISTER, in pursuance of Articles 37 and 43 of the Proceeds of Crime
(Jersey) Law 1999[1], and having consulted the Jersey
Financial Services Commission, orders as follows –
1 Article 3 amended
In Article 3 of the Money Laundering
(Jersey) Order 2008[2] –
(a) in paragraph (2)(b) after the words “acting for a
third party” there shall be inserted the words “, whether directly
or indirectly,”;
(b) at the end of paragraph (7)(b)(i)
the word “or” shall be deleted;
(c) after paragraph (7)(b)(ii) there shall be added the word
“or” and the following sub-paragraph –
“(c) that
person is an individual who otherwise exercises ultimate effective control over
the third party.”.
2 Article 11
amended
For Article 11(3)(e) of the Money
Laundering (Jersey) Order 2008, there shall be substituted the following
sub-paragraph –
“(e) determining
whether a business relationship or transaction or a proposed business
relationship or transaction is with a person that is –
(i) subject to
measures under law applicable in Jersey for the prevention and detection of
money laundering,
(ii) connected with an organization that is subject to such
measures, or
(iii) connected with a country or territory that is subject to
such measures;”.
3 Article 21
amended
For Article 21(5) of the Money Laundering (Jersey) Order 2008
there shall be substituted the following paragraph –
“(5) The requirements described in
paragraphs (1)(h), (1)(ha), (2) and (4) shall not
apply to a relevant person who is a professional legal adviser where the
information or matter that would otherwise be the subject of disclosure is an
item subject to legal privilege.”.
4 Citation
and commencement
This Order may be cited as the Money Laundering (Amendment No. 8)
(Jersey) Order 2015 and shall come into force on the day after it is made.
senator i.j. gorst
Chief Minister