The Jersey Criminal Offences Confiscation Fund (COCF) uses dirty money for good deeds
24/11/2024
The Criminal Offences Confiscation Fund (COCF) in Jersey was established under Article 24 of the Proceeds of Crime (Jersey) Law 1999.
The fund is designed to manage and utilise the proceeds recovered from criminal activities. Here are some key points about the COCF:
- Purpose: The COCF holds and manages funds confiscated from criminals.
- These funds can support law enforcement activities, crime prevention programs, and other initiatives aimed at reducing crime and supporting victims.
- Sources of Funds: The COCF receives money from various sources, including:
- Confiscation orders issued by the courts.
- Asset sharing agreements with other jurisdictions.
- Forfeiture of assets connected to criminal activities.
- Usage of Funds: The funds in the COCF are allocated to various projects and initiatives. For example, they have been used for:
- Enhancing law enforcement capabilities.
- Supporting community safety programs.
- It is funding specific projects like prison improvements and anti-fly-tipping measures.
- Recent Developments: The COCF has seen significant inflows from successful legal actions. For instance,
-
- The Truk Settlement is a notable case involving confiscating assets linked to organised crime. It is the most significant successful application under the 2018 Forfeiture of Assets Law, which was concluded in 2019. More than US$10 million was paid into Jersey's Criminal Offences Confiscation Fund (COCF). The case is outlined below.
- Ian Joseph Ellis, a taxi driver from Glasgow, was involved in a notable case of tax evasion and money laundering. In the case of Ian Joseph Ellis, the amount seized was £33,804.52. This sum was held in a dormant account at Standard Chartered Bank in Jersey and was confiscated due to its connection to tax evasion and money laundering activities.
SOURCE
- Criminal Offences Confiscations Fund receipts and pay-outs (FOI). https://www.gov.je/government/freedomofinformation/pages/foi.aspx?ReportID=1764.
- Criminal Offences Confiscation Fund grants (FOI) - Government of Jersey. https://www.gov.je/government/freedomofinformation/pages/foi.aspx?ReportID=839.
- Biggest win for Jersey's Criminal Offences Confiscation Fund. https://www.itv.com/news/channel/2019-12-20/biggest-ever-win-for-jersey-s-criminal-offences-confiscation-fund.
- First major confiscation under Forfeiture of Assets - Government of Jersey. https://www.gov.je/news/2019/pages/firstconfiscationunderforfeiture.aspx
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