Section 201Part 9 — Miscellaneous and General
Regulations
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The Cabinet may make regulations for giving effect to this Act and such regulations may —
make different provision for different purposes;
provide for the making of immediate and interim short - term restraint orders not exceeding seventy - two hours;
prescribe that confiscation orders be applied for only by such person as the regulations may specify;
specify the need or otherwise for a prosecuting attorney where an application is made for a production order, it being understo od that in the absence of such regulations, prosecuting attorney need not be present;
limit, in exceptional circumstances, the recovery of costs of complying with orders of the Grand Court, subject only to section 198 ; and
make supplementary, incidental, saving or transitional provisions.
Without limiting the generality of subsection (1) the Cabinet may by order make such provision as i t considers appropriate for or in connection with —
enabling confiscation orders under this Act but such order may not enable a confiscation order to be made by any summary court in respect of an amount exceeding one hundred thousand dollars;
the a ppointment of an Official Receiver of property that may be confiscated or restrained under this Act , and such Official Receiver shall also be Trustee for Civil Recovery for purposes of this Act , and, in the Cabinet ’ s discretion, may undertake this work exc lusively or simultaneously with any other position that person may hold in government.
The Cabinet may, by Order, designate a jurisdiction as one which has serious deficiencies in its compliance with recognis ed international standards for combating money laundering and the financing of terrorism and, as a result of that, require the application of counter - measures proportionate to the risk posed by that jurisdiction. (3A) The counter - measures under subsection (3) may include that dealings shall not b e conducted with that jurisdiction or that enhanced due diligence be applied to —
transactions involving certain entities or class of entities; or
certain transactions or class of transactions. (3B) An Order under subsection (3) may also be made by the Cabinet on the recommendation of either the Anti - Money Laundering Steering Group or the Financial Action Task Force.
In making the recommendation under subsection (3 B ) the matters to be considered by the Steering Group, the form, duration and e ffect of the Order shall be prescribed by the Cabinet.
For the purposes of this Part, “ Financial Action Task Force ” means the task force established by the intergovernmental organisation, Group of Seven (G - 7), to develop and promote national and inter national policies to combat money laundering and terrorist financing.