amendment to proceeds of crime and money laundering (prevention) act

7/28/2019 Amendment to Proceeds of Crime and Money Laundering (Prevention) Act

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No. 8 Proceeds of Crime and Money Laundering (Prevention) (Amendment)

SAINT VINCENT AND THE GRENADINES

______________________

.

I ASSENT

DR. FREDERICK BALLANTYNEL.S. Governor-Genera

13th May, 2005

AN ACT to amend the Proceeds of Crime and Money LaunderingPrevent on Act 2001.

24t May, 2005

BE IT ENACTED y t e Queens Most Exce ent Ma esty, y anw t t e a v ce an consent o t e House o Assem y o Sa nt V ncent

and the Grenadines and by the authority of the same as follows:-1. T s Act may e c te as t e Procee s o Cr me an Money

Laun er ng Prevent on Amen ment Act 2005.

2. T e Procee s o Cr me an Money Laun er ng Prevent on Act2001 s amen e n t e manner set out n t e Sc e u e.

ort t t e

m e n m e n trocee s o

r me an oneya u n e r n greven t on c t

o. o

SCHEDULE

Sectionsanner o Amen ment

(a) In subsection (1) as follows -

n t e e n t on con scat on or er -nsert 6, a ter t e wor sect on;

e ete 14 or 19 an nsert 15,16 or 17;

n paragrap a o t e e n t on correspon ng awe ete t e wor s rug tra c ng an nsert t e wor s

rug tra c ng;

Section 2


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No. 8 Procee s o Cr me an Money Laun er ng Prevent on Amen ment

n t e e n t on rug tra c ng arrangement nsertthe following paragraphs -

(a) the retention or control by or on behalf of anotherperson o t at ot er persons procee s o rugtrafficking is facilitated; or

(b) the proceeds of drug trafficking are used to secure

un s to e p ace at t at ot er persons sposa orare used for that other persons benefit to acquire

property y way o nvestment;

v n t e e n t on rug tra c ng e ete paragrap s(a) and (b);

(v) in paragraph (b) of the definition drug traffickingo ence nsert t e wor s an o ence e ore t e wor sunder sections;

v nsert t e wor a a ter t e wor nc u es n t ee n t on o nterest;

v n t e e n t on o money aun er ng e ete 43,44,or45 an nsert 41,42 or 43;

v nsert t e o ow ng e n t on a ter t e e n t onmoney aun er ng-

po ce o cer nc u es a customs o cer;

(ix) in the definition of property insert the followinge ore t e wor money-

rea or persona property, w et er w t n oroutside Saint Vincent and the Grenadines andnc u es;

x n t e e n t on o re evant o ence -

a n paragrap a , nsert t e wor s or any

summary after the word indictable;

e ete paragrap an nsert t e o ow ng-

any o ence un er t e Acts ste nSc e u e 2.

x n paragrap c o su sect on 2 e ete t e wor a


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e ore t e wor nterest an nsert t e wor an.

(b) insert after subsection (5) the following new subsections -

6 For t e purposes o t s Act, nanc a nst tut onsan re evant us ness act v tes s a ave t emean ng g ven y Sc e u e 1.

7 For t e purposes o t s Act, w ere an act or procee ng s recte or a owe to e one orta en w t n any t me not excee ng s x ays,Satur ays, Sun ays an pu c o ays s a note rec one n t e computat on o t me.

In su sect on 5 c , e ete a a ter t e wor paragrap annsert .

(a) renumber the second subsection (3) as subsection (4);

renum er su sect ons 4 , 5 an 6 as 5 , 6 an 7respect ve y; an

c e ete t e wor Prosecut on n paragrap o t esu sect on renum ere as 7 an nsert t e wor

Prosecut ons.In subsection (1) insert or 8 after section 6 or 7.

In su sect on 1 an 2 nsert or 8 a ter sect on 6 or 7.

In su sect on 2 -

e ete 10 an nsert 11;

e ete 11 an nsert 12.

a n su sect on 2, renum er paragrap c asparagrap ;

e ete t e wor nsu c ent n t e paragraprenum ere as an nsert t e wor su c ent.

In su sect on 1 a nsert or 8 a ter sect on 6 or 7.

In su sect on 7 e ete t e wor requ res an nsert t e worrequ re .

In su sect on 2 e ete t e wor s sect on 9 an nsert t ewor s sect on 10.

In su sect on 4 paragrap , e ete t e wor s su sect on

Sect on 7

Sect on 8

Sect on 9

Sect on 13

Sect on 14

Sect on 15

Sect on 11

Sect on 16

Section 17

Sect on 25


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2 an nsert t e wor s su sect on 3 a .

a In su sect on 2 nsert t e wor not a ter t e wor has.

(b) Renumber the second subsection (3) as subsection4 .

In su sect on 1 e ete t e wor pursuant an nsert t e worpursuance.

In su sect on 2 e ete t e wor s For e ture Fun an nsertt e wor s Con scate Assets Fun .

a In su sect on 5 -

e ete t e wor s sect on 9 an nsert t e wor ssect on 6

e ete t e wor s sect on 10 an nsert t e wor ssection 5.

(b) In paragraphs (a) and (b) of subsection 6, delete 33or 45 an nsert 3.

De ete t e wor property n every p ace w ere t occurs e orethe word incurred and insert the word properly.

(a) In subsection (1) -

nsert t e wor s n or outs e o Sa nt V ncent ant e Grena nes a ter t e wor nvest gat on

nsert t e wor s or a po ce o cer a ter t e wor sD rector o Pu c Prosecut ons.

In su sect on 12 -

e ete 22 1 an nsert 20 1

n paragrap

e ete 34 an nsert 35

e ete 39 an nsert 22 2 .

In su sect on 1 paragrap , e ete t e wor pro ucesan nsert t e wor pro uce .

Sect on 27

Section 35

Section 30

Section 32

Section 33

Sect on 34

Sect on 36

Sect on 37


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De ete 34 w erever t occurs an nsert 35.

a In su sect on 1 -

e ete t e sem -co on a ter t e wor Grena nesand insert a fullstop.

e ete t e wor s or t e purpose o avo ng

prosecut on or a rug tra c ng or re evantoffence or the making or enforcement in his caseo a con scat on or er

n su sect on 2

nsert a ter t e wor now ng t e wor suspect ng;

e ete t e sem -co on a ter t e wor Grena nesan nsert a u stop; an

(iii) delete the words for the purpose of assisting anyperson to avo prosecut on or a rug tra c ngor re evant o ence or t e ma ng or en orcemento a con scat on or er.

c Renum er su sect on 4 as su sect on 3 .

a In su sect on 1 paragrap e ete t e wor sor suspect and insert the words ,suspects or hasreasona e groun s to suspect.

In su sect on 4 a an e ete t e wor s or suspect and insert the words ,suspect or havereasona e groun s to suspect.

In su sect on 1 , nsert a ter t e wor now ng t e wor s,suspecting or having reasonable grounds to suspect.

In su sect on 2 paragrap a -

a e ete t e wor s or suspects an nsert t e wor s,suspects or as reasona e groun s to suspect.

e ete t e wor s rug tra c ng an nsert t e wor scr m na con uct.

In su sect on 1 a an 2 a nsert t e wor s or as reasona egroun s to suspect a ter t e wor suspect.

Sect on 41

Section 42

Section 43

Sect on 44

Sect on 45

Sect on 46


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In su sect on 7 -

e ete 4 an nsert 6 ;

e ete paragrap an nsert t e o ow ng:

appo ntment o a sen or sta mem er ora sta mem er at management eve to

e respons e or cont nua comp ancewith this Act and the regulations madeereun er.

a In su sect on 1 -

n t e marg na note, nsert t e wor s No. 38 o2001;

n paragrap a nsert t e wor s an t enanc ng o terror sm a ter t e wor s money

aun er ng;

n paragrap nsert 2001 a ter t e worAct

(b) Delete subsection (2) and insert the following -(2)The members of the Committee shall be -

(a) the Director General of Finance and Planningw o s a e C a rman ;

t e D rector o Pu c Prosect ons;

c t e Attorney Genera ;

t e Comm s oner o Po ce;

(e) the Comptroller of Customs;

(f) the Executive Director of the Saint Vincent andt e Grena nes Internat ona F nanc a Serv ces

Authority;

(g) the Director of the Saint Vincent and theGrena nes F nanc a Inte gence Un t;

t e C a rman o t e Sa nt V ncent an t eGrenadines International Financial Services

Sect on 48


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Aut or ty; an

suc ot er persons as t e M n ster o F nancemay from time to time appoint,

and the Committee may appoint a sub-committee to assist inormu at ng t e gu ance n su sect on 1 .

a In t e marg na note, e ete t e wor s mporte or exported.

In su sect on 1 -

e ete t e wor s not e ow t e ran o nspector or a customs o cer;

e ete t e wor s w c s e ng mporte nto or exporte rom an nsert t e wor n.

a In t e marg na note, e ete t e wor or ers an nsertthe words of cash.

(b) In subsection (5) after the words by way of deletere ear ng an nsert a ear ng e novo .

a In su sect on 2 e ete sect on 50 2 an nsertsection 50(1).

(b) In subsection (4) -

e ete t e wor an a ter t e sem -co on nparagrap a ;

nsert a ter paragrap t e o ow ng paragrap s-

c c eques o any n , nc u ng trave ersc eques;

posta or ers;

(e) bankers draft;and

(f) bearer bonds and bearer shares

e ete t e term an t e correspon ng e n t ono exporte .

nsert a ter sect on 51 t e o ow ng new sect on -

Sect on 49

Sect on 50

Sect on 51

Forfeiture orders


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51A 1 W ere a person s conv cteo cr m na con uct an t e court yor e ore w c e s conv cte ssat s e t at any property w c wasn s possess on or un er s contro

at the time of his apprehension -

a as een u se o r t e

purpose o comm tt ng cr m nacon uct;

as een u s e o r t e purpose o ac tat ng t ecomm ss on o cr m na con uct;or

c was nten e y m to e useor t e purpose o comm tt ng

cr m na con uct,

t e court may ma e an or er oor e ture o t at property un er t s

sect on.

2 Fac tat ng t e comm ss on ocr m na con uct s a e ta en or t e purpose o t s sect on to nc u et e ta ng o any steps a ter t ecr m na con uct as een comm tteor t e purpose o spos ng o

any property to w c t e cr m nacom uct re ates or o avo ngappre ens on or etect on.

3 W ere, upon app cat on ma e yt e D rector o Pu c Prosecut ons,t e court eterm nes t at property

ent e n t e app cat on

const tutes t e procee s o cr m naconduct and is satisfied that theproperty-

a orms part o or represents t eestate o a ecease person; or

as een a an one ,

t e court may ma e an or er or


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or e ture o t at property un er t ssect on.

4 In ma ng ts eterm nat on -

a un er su sect on 3 a , t ecourt s a cons er anyr ep re se nt at o ns m a e y

a persona representa t ve ,ene c ary, or ot er re evant

party regar ng t e estate o t eecease person; or

un er su sect on 3 , t e courts a o so one mont a ter not ceo t e app cat on ma e y t eD rector o Pu c Prosecut onsas een a vert se n a a y

.

5 T e court s a not or er anyt ng toe or e te un er t s sect on w ere

a person w o c a ms to e t e owner

or to e ot erw se ntereste n t eproperty app es to t e court to eear , un ess an opportun ty as een

g ven to m to s ow cause w y t eorder should not be made.

In su sect on 2 -

a n paragrap a , e ete t e wor s con scate or eran nsert t e wor s con scat on or a or e tureor er

n paragrap c , e ete 37 an nsert 28.

c nsert a ter paragrap t e o ow ng-

e money or e te or e vere as a resu t o aconfiscation or forfeiture order under any lawn Sa nt V ncent an t e Grena nes.

In t e marg na note, e ete Cap. 25 an nsert Cap. 125.

Repea an rep ace y t e o ow ng sect on-

61. 1 I an nvest gat on s egun aga nst a person

Sect on 55

Sect on 60

Sect on 61compensat on


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or cr m na con uct an any o t e o ow ngc rcumstances occur -

a no procee ngs are nst tute aga nst t at

procee ngs are nst tute aga nst t atperson ut o not resu t n s conv ct on

or any cr m na con uct; or

(c) proceedings are instituted against thatperson an e s conv cte o one or morecr m na con uct ut -

(i) the conviction or convictio nsconcerne are quas e ; or

e s grante a par on n respectof the convictions or convictionsconcerne ,

t e court may, on app cat on y a person w oheld property which was relisable property, ordercompensat on to e pa to t e app cant , av ng

regard to all the circumstances it considers itappropr ate to ma e suc an or er.

2 T e court s a not or er compensat onto be paid unless it is satisfied -

(a) that there has beensome ser ous e au t on t e partof any person concerned in thenvest gat on or prosecut on o t e

criminal conduct concerned; and

(b) that the applicant has suffered lossn consequence o anyt ng anyt ng

done in relation to the property by, or

n pursuance o a restra nt or er or acharging order..

(3) The court shall not order compensation toe pa n any case w ere t appears to t e court t at

the proceedings could have resulted in a convictiont e ser ous e au t a not occurre .

4 W t out pre u ce to su sect on 1 , w ere


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-

a a sc osure s ma e y any personn accor ance w t sect on 42 3 n

re at on to any property;

n consequence ot e sc osure an or t e purposes

o an nvest gat on or prosecut on nrespect o cr m na con uct any act sone or om tte to e one n re at on

to t at property; an

c no restra nt or er or c arg ng or ers ma e n re at on to t at property,

the court may on application by a person who heldthe property, order compensation to be paid to theapplicant if, having regard to all the circumstances,the court considers it appropriate to make such anorder.

5 T e court s a not or er compensat on toe pa un er su sect on 4 un ess t s sat s e -

a t at t ere as een some ser ouse au t on t e part o any person

concerne n t e nvest gat on or prosecut on o t e cr m na con uctconcerne an t at, ut or t ee au t, t e act or om ss on re erre

to n su sect on 4 wou notave occurre ; an

t e app cant as, n consequenceo t e act or om ss on re erre ton su sect on 4 su ere oss n

re at on to t e property.

(6) The amount of compensation to be paid

under this section shall be such as the court thinksjust in all the circumstances of the case.

7 Compensat on or ere to e pa un er t s sect on an sect on 21 3 an 22 3 s a e

pa out o t e Conso ate Fun .

In t e marg na note -

Section 65


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a e ete No. 48 o 1993 an nsert No. 45 o1993.

(b) delete No. 12 of 1992 and insert No. 12 of1997.

Sect on 66

Index of definedexpress ons

amount t at m g tbe realised

amount to erecovere

benefited from-drugtra c ng

c arg ng or er

conc us on oapp cat on

conc us on orprocee ngs

confiscation order

correspon ng aw

drug trafficking

rug tra c ngarrangement

rug tra c ngo ence

external confiscationor er

g t caug t y t sAct

e n re at on toproperty)

nst tut on oprocee ngsinterest (in relation to

section 2 (3)

section 13

sect on 9 2

sect on 27

sect on 5

section 5

sect on 6,7 an 8

section 54

sect on 2

sect on 2

sect on 2

sect on 52

sect on 4

sect on 2 2

sect on 5


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property

items subject toega pr v ege

material

money aun er ng

monitoring order

po ce o cer

premises

prescr e

proceeds of drugtra c ng

pro uct on or er

proper y

prosecutorsstatements

rea sa e property

re evant o ence

restraint order

su ect to appeatrans erre n re at on to

property)

va ue o g t

value of proceedsan rug tra c ng

va ue o property

sect on 2 1

section 2 (1)

sect on 2 1

sect on 2 1

sect on 39

sect on 58

section 2 (1)

sect on 2 1

sect on 10 1 a

section 35

sect on 8 1

sect on 11

sect on 2 1

sect on 2 anSc e u e 2

section 26

sect on 5 2section 22

section 4

sect on 10 1

sect on 3 1 .


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Un er t e tem Re evant Bus ness Act v t es nsert t ewor C ar t es a ter t e wor Accountants.

Repea an rep ace y t e o ow ng -

SCHEDULE 2

(section 2)

An offence under the -

1. Customs Contro anManagement Act 1999;

2. Copyr g t Act 2003;

3. Internat ona Ban s Act, 2004;

4. Patents Act 2004;

5. Trademarks Act 2003;

6. United Nations (Anti-Terrorism) Measures Act,

2002.

Sc e u e 1

Sc e u e 2

Passed in the House of Assembly this 22nd day of March, 2005.

NICOLE HERBERT

Clerk of the House of Assembly.

Printed by the Government Printer at the Government Printing Office,

Camp en Par , St. V ncent an t e Grena nes.

2005 [ Price

amendment to proceeds of crime and money laundering (prevention) act

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