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13
WQ.211/2018
WRITTEN QUESTION TO THE MINISTER FOR TREASURY AND RESOURCES BY DEPUTY M.R. HIGGINS OF ST. HELIER
ANSWER TO BE TABLED ON TUESDAY 23rd OCTOBER 2018
Question
Will the Minister advise members of the current amount of money contained in the Criminal Offences Confiscation Fund; from what sources the funds currently in the Fund were derived (i.e. the relevant cases); and how money has been disbursed from the Fund over the last three years?
Answer Balance of Fund
As at 16th October 2018, the total cash held in the Criminal Offences Confiscation Fund (COCF) was £11,860,532.
Of this amount, a total of £8,740,349 is ring-fenced under asset-sharing agreements with other jurisdictions. This leaves a net position of £3,120,183.
Source of Funds
All funds paid into the COCF are received following a Confiscation Order issued by the Royal Court.
In cases where other jurisdictions are involved an asset-sharing agreement may be made in which Jersey retains a portion of the confiscated amount. Recent asset-sharing agreements with the USA and the UK have resulted in £6,529,113 being retained in Jersey.
Disbursements
Payments made from the Fund over the last three years are as follows:
2016: £118,939 to the Community & Constitutional Affairs Department for CCTV equipment for the Police.
2017: £40,061 to the Community & Constitutional Affairs Department for CCTV equipment.
2018: £6,500,000 to the Prison, as agreed in the Budget 2018 capital programme, and £250,000 to the Law Officers Department to fund Jersey's involvement in the International Centre for Asset Recovery.