News story: £4.2m criminal assets split between Home Office and Jersey

More than £4 million of criminal assets will be split between Jersey and the Home Office, following the signing of an agreement by Solicitor General Robert Buckland QC and Attorney General of Jersey Robert MacRae QC.

The Law Officers’ Department for Jersey and the CPS worked together to bring Independent financial advisor Adeel Mirza, 47, to justice. He was convicted of nine counts of fraud in 2013, jailed for six years and ordered to pay back £4,180,788.32.

Prosecutors arranged the sale of nine houses across London – the majority of Mirza’s UK property portfolio – which were all registered to a trust in Jersey.

Robert Buckland QC MP said: “The UK and Jersey enjoy good relations which has resulted in effective cooperation in tackling crime. I’m pleased that Mr Mirza’s ill-gotten gains will be split between the Home Office and Jersey, to the benefit of taxpayers. Criminals will not be able to keep the profits of their unlawful actions”.

The Attorney General for Jersey, Robert MacRae QC, said: “This case of close collaboration with the UK authorities once again demonstrates Jersey’s commitment to fighting serious financial crime. In particular it shows that Jersey trusts are no place to hide the proceeds of crime.”

The assets are being shared between Jersey and the UK to reflect the work that both jurisdictions dedicated to bringing Mirza to justice and ensuring that he did not benefit financially from his crimes.

Anne Marie Morris’ comments are outrageous and totally unacceptable – Andrew Gwynne

Andrew
Gwynne MP, Labour’s Co-National Campaign Coordinator
, commenting on remarks
made by Anne Marie Morris, said:

“Anne
Marie Morris’ comments are outrageous and totally unacceptable. While the
Conservative Party has tabled a debate on Wednesday to apparently discuss and
condemn abuse of candidates in the General Election, these comments prove their
hypocrisy. 

"Theresa
May once spoke about changing the Tories’ ‘Nasty Party’ tag. If she’s serious
about that, she will admit it’s not enough for the Tories to ‘investigate’ and
will apologise and act immediately. If that means withdrawing the whip, that’s
what they should do.”

Ends

Press release: Sir Alan Duncan statement on adoption of UNSC Resolution on Colombia

Foreign Office Minister for the Americas, Sir Alan Duncan welcomed the adoption of UN Security Council Resolution 2366 on July 10. The resolution will support Colombia’s continuing journey toward peace.

Minister for the Americas, Sir Alan Duncan said:

We have witnessed Colombia embark on an extraordinary journey since peace negotiations began six years ago. By showing how even the longest and hardest of conflicts can be brought to a peaceful end, Colombia offers a beacon of hope to the world. But history has taught us that building a sustainable peace is a long and difficult process, and so we welcome the leadership shown by both parties in calling for the UN to support the next phase of this journey.

I welcome today’s unanimous adoption of UN Security Council resolution 2366. I am pleased the international community has responded so swiftly to President Santos’ request for continued UN Security Council support for the peace process. Working closely with partners on the Security Council, the UK was privileged to lead the negotiations establishing a second UN Mission for the next phase of the peace process. The UK remains steadfast in its support for Colombia.

Further information

News story: £30 million boost to projects supporting vulnerable young people

A multi-million pound funding package to improve the lives of vulnerable children and young people around the country was announced on Thursday, 6 July, by Robert Goodwill, Minister for Children and Families.

In his first address to the children’s social care sector since being appointed as Minister, he confirmed that 24 projects will receive a share of £30 million to take their important work forward.

The projects are part of the Children’s Social Care Innovation Programme, which is backed by £200 million of government funding. This programme has supported 95 projects to date, providing evidence of best practice that is helping to improve children’s services across the country.

In his speech at the ADCS annual conference, the Minister said:

Through the Innovation Programme, we continue to fund exciting and pioneering projects that look to shake-up our traditional approach to social work.

Together they proffer a broad and balanced portfolio which both test new innovations, and scale and spread those that have been successful in Round One of the programme.

The projects that have been awarded funding include Credo Care, Derby City Council, The Adolescent and Children’s Trust, Munro, Turnell & Murphy, and Barnardo’s.

Credo Care’s project, working with Hertfordshire and Staffordshire, aims to find specialist foster placements close to home for young disabled people currently living in out-of-area residential care. This new type of foster caring will focus on young people with the most complex needs.

Roy Hipkiss, Director of Credo Care, said:

Credo Care is delighted to be included in the Innovation programme and we look forward to contributing to successful outcomes for disabled young people.

The Specialist Foster Care Placement Project will provide foster care placements for disabled children and young people in residential care, and in doing so will change their trajectories into adulthood. The personal care offered in the foster placements will improve the quality of their lives immediately, while developing the self-care skills and supportive networks that are so difficult to provide within their residential placements.

Meanwhile another grant will go to Barnardo’s, to maintain and expand the role of the National Female Genital Mutilation Centre (NFGMC). The centre was launched in 2015 alongside the Local Government Association.

Director of the National FGM Centre, Michelle Lee-Izu said:

Barnardo’s and the Local Government Association are delighted the government has given the National FGM Centre further funding to help wipe out this hidden form of child abuse by 2030.

It will enable us to extend the reach and remit of the Centre’s vital work and support more girls and families in areas of both high and low prevalence of female genital mutilation.

Since working with some local authorities that claimed to rarely come across cases of FGM, we have been supporting 198 families in these areas, which clearly demonstrates how much the FGM Centre is needed. It also shows how much more we need to do in terms of training professionals to identify girls at risk and report cases of concern.

The funding will also allow us to extend our work to other harmful traditional practices such as breast ironing and flattening.

All of the projects which receive funding through the Innovation Programme are committed to sharing their learning with the sector, and today we are also publishing evaluation reports of some of the remaining projects from round one.

Alongside this, an evaluation report on Doncaster Children’s Services Trust is published today. This looks at the implementation and early impact on service improvement and outcomes for children since the trust was set up in 2014, finding evidence that the model is working.

Notes to editors

  • For more information, contact the Department for Education press office on 02073 407488

ESMA consults on guidelines regarding internalised settlement reporting

Internalised settlement refers to transactions, which are settled outside securities settlement systems operated by central securities depositories (CSDs). Internalised settlement can happen at different levels of a securities holding chain – global custodians, sub-custodians, etc. – and has to be reported at the level where it takes place. Each settlement internaliser needs to report  the settlement that has been internalised in its books only.

The CSDR requires settlement internalisers to report to the CSD national competent authorities (NCAs) in their jurisdiction the aggregated volume and value of all securities transactions that they settle outside securities settlement systems on a quarterly basis. NCAs then transmit this information to ESMA and have to inform ESMA of any potential risk resulting from that settlement activity.

The CSDR Implementing Regulation (EU) 2017/393 specifies the templates and procedures for the reporting and transmission of information on internalised settlement. However, in order to ensure a consistent application of the CSDR, ESMA has decided to issue Guidelines on the reporting architecture and exchange of information between ESMA and NCAs regarding internalised settlement.

ESMA’s guidelines clarify the scope of the data to be reported by settlement internalisers and the types of transactions and operations that should or should not be included.

ESMA welcomes stakeholders’ feedback, which it will use to finalise the guidelines. The consultation paper is open for comments by 14 September 2017.