Jersey ‘lagging behind’ in financial crime laws

Thursday 4th January 2007, 12:00AM GMT.

JERSEY is falling behind other jurisdictions in developing its financial crime laws, according to the States police.

In particular there is no legislation similar to that in the UK and Ireland which enables Jersey police officers to seize assets suspected to be the proceeds of financial crime unless they can link it to a specific prosecution. Lobbying for the new legislation is one of the key objectives set out in the new police plan for 2007. The plan also makes clear that although currently six per cent of the States force is deployed in financial crime investigation, the budget has not been increased in line with the number of posts.

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