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Financial crime unit to undergo 'shake-up'

Mon, 17 Aug 2015


The Island's financial crime unit will undergo a shake-up in a bid to strengthen our defences against money laundering and terrorism.

New legislation could be brought in ahead of a major external investigation which will take place next year - that will look at how we comply with international standards.

The Financial Intelligence Unit Bill would see a separate unit created which has enhanced information gathering powers - this would function separately from police investigations.

Mr Bell says the world has changed and we have to get this right: 

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  • Allan Bell

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