Source document: https://docs-lawep.s3.us-east-2.amazonaws.com/1697797164580.pdf (Dominica)
2010 PROCEEDS OF CRIME ACT 10 93 (AMENDMENT) COMMONWEALTH OF DOMINICA ACT NO.

10 OF 2010 I assent LS N.J.O LIVERPOOL President 13th May, 2010.

AN ACT TO AMEND THE PROCEEDS OF CRIME ACT, CHAP 12: 29 (Gazetted 20th May, 2010) BE IT ENACTED by the Parliament of the Commonwealth of Dominica as follows: 1.

This Act may be cited as the – Short Title PROCEEDS OF CRIME (AMENDMENT) ACT 2010.

94 2010 PROCEEDS OF CRIME ACT 10 (AMENDMENT) Interpretation 2.
In this Act the Proceeds of Crime Act Chap 12:29 is referred to as “the Act.” Amendment of section 2 3.
Section 2 of the Act is amended by (a) inserting a definition of “financial institution”between the terms ‘the court’ and forfeiture order’ as follows: “financial institution” means any person whose regular occupation or business is the carrying on of any activity listed in the Schedule II;” (b) deleting the word “the” appearing immediately before the word “Schedule” in the definition of the term “scheduled offences” and inserting the figure “I” immediately after the word “Schedule.” Deletion of Scheduleand insertion of new Schedule 4.
The Schedule, “List of Offences” is hereby repealed and replaced as “Schedule I” list of offences and a new schedule, Schedule II is inserted as follows: “SCHEDULE I List of offences 1.

Possession of controlled drugs for the purpose of supply contrary to section 7(3) of the Drugs ( Prevention of Misuse) Act.

2.

Trafficking in controlled drugs contrary to section 16 of the Drugs (Prevention of Misuse) Act.

3.
3.

Assisting another to retain the benefit of drug trafficking contrary to section 17 of the Drugs ( Prevention of Misuse) Act.

4.

Money Laundering Ch.

40:07.

Ch.

40:07.

Ch.

40:07.

2010 PROCEEDS OF CRIME ACT 10 (AMENDMENT) 95 5.

Abduction 6.

Blackmail 7.

Corruption 8.

Counterfeiting 9.

Drug trafficking 10.

Drug trafficking offence 11.

Extortion 12.

Firearms trafficking 13.

Forgery 14.

Fraud 15.

Illegal deposit taking 16.

Prostitution 17.

Robbery 18.


Terrorism 19. Financing of Terrorism 20.

Stealing 21.

Trafficking in persons 96 2010 PROCEEDS OF CRIME ACT 10 (AMENDMENT) SCHEDULE II ACTIVITIES OF FINANCIAL INSTITUTIONS 1.

”Banking business” and “financial business” as defined in the Banking Act.

(No 16 of 2005); 2.

“Banking business” as defined in the Offshore Banking Act; 3.

Venture risk capital; 4.

Money transmission services; 5.

Issuing and administering means of payments (e.g.


credit cards, travellers’ cheques and bankers’ drafts; 6.

Guarantees and commitments; 7.

Trading for own account of customers in- (a) money market instruments(e.g.

cheques, bills, certificates of deposits, commercial paper, etc); (b) foreign exchange; (c) financial and commodity-based derivative instruments(e.g.

options, interests rate and foreign exchange instruments etc); (d) transferable or negotiable instruments; 8.

Money Broking; 9.
Money Broking; 9.

Money Lending and Pawning; 10.

Money Exchange (e.g.

casa de cambio); 2010 PROCEEDS OF CRIME ACT 10 (AMENDMENT) 97 11.

Mutual Funds; 12. Credit Unions; 13.

Building Societies; 14.

Trust Business; 15.

Insurance Business; 16.

Securities Exchange.” Passed in the House of Assembly this 29th day of April, 2010.

MARIA ROLLE (MISS) Clerk of the House of Assembly (Ag.)

Printed by the Government Printer at the Government Printery, Roseau DOMINICA (Price $1.00)