Regulatory Alerts2021-06-22
Drug Trafficking Offences (Amendment) Act, 2021
The Legislature of the Virgin Islands enacted this Act to amend the Drug Trafficking Offences Act, 1992, primarily by transferring investigative and reporting authorities from police officers and the Steering Committee to the Financial Investigation Agency. The legislation mandates that authorities investigate related drug money laundering offences concurrently with drug trafficking crimes and establishes the Agency as the sole recipient of suspicious transaction reports. Additionally, the Act updates terminology regarding external confiscation orders and expands the powers of officers to seize cash suspected of being linked to drug trafficking or money laundering.
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