Sum total of approved re-claims for FIU from Seized Assets Fund
| Authority | Financial Intelligence Unit |
|---|---|
| Date received | 2018-09-11 |
| Outcome | Information not held |
| Outcome date | 2018-09-18 |
| Case ID | 562637 |
Summary
The request sought total re-claims from the Seized Assets Fund and details on illicit money recovery, but the Financial Intelligence Unit stated it does not hold this information as the Fund is managed by a separate Board. However, the FIU disclosed specific annual funding amounts received from the Fund for its running costs between 2016 and 2018.
Key Facts
- The Financial Intelligence Unit does not hold information on the sum total of approved re-claims from the Seized Assets Fund as it is managed by the separate Financial Intelligence Unit Board.
- Responsibility for the Seized Asset Fund transferred from the Isle of Man Treasury to the Financial Intelligence Unit Board on 1 November 2017.
- The FIU was established as a separate legal entity on 22 April 2016.
- In the 2016/2017 financial year, the total reclaim from the Seized Asset Fund for FIU running costs was £183,612.72.
- In the 2017/2018 financial year, the total reclaim from the Seized Asset Fund for FIU running costs was £311,064.
Data Disclosed
- £183,612.72
- £311,064
- 2016/2017
- 2017/2018
- 2018/2019
- 22 April 2016
- 1 November 2017
- 11 September 2018
- 18 September 2018
- 31 March 2017
- 31 March 2018
- 222 ZA (2) of the Proceeds of Crime Act 2008
Exemptions Cited
- Information not held
Original Request
To whom it may concern, I am requesting the provision of figures pertaining to the sum total of approval re-claims from the Seized Assets Fund. Since the earliest date available to the present, what is the total sum of money recovered with origins in illicit activity, per annum? Could you provide the nature of the source of each acquisition? How much of that money has been reinvested into the Financial Intelligence Unit since its inception in 2016, per annum?
Data Tables (1)
Data Tables (reformatted)
| Financial Year | Total Reclaim from Seized Asset Fund | Notes |
|---|---|---|
| 2016/2017 | £183,612.72 | Staff costs met by retrospective Departments (Isle of Man Constabulary and Customs and Excise Division). Source: Page 102 of Isle of Man Government Detailed Accounts for the year ended 31 March 2017. |
| 2017/2018 | £311,064 | Staff costs covered by Departments (Isle of Man Customs & Excise Division and Isle of Man Constabulary). Detailed Accounts for the year ended 31 March 2018 were not yet publicly available at the time of writing. |
| 2018/2019 | N/A | Budget converted from Seized Asset Fund to revenue funding. Details available at page 87 of the Isle of Man Government Budget. |
Full Response Text
PO Box 51 Douglas Isle of Man IM99 2TD Tel: +44 (0)1624 686000 Email: fiu@gov.im Website: www.fiu.im
Our ref: 562637 18 September 2018
Dear ###
We write further to your request which was received on 11 September 2018 which states:
"To whom it may concern, I am requesting the provision of figures pertaining to the sum total of approval re- claims from the Seized Assets Fund. Since the earliest date available to the present, what is the total sum of money recovered with origins in illicit activity, per annum? Could you provide the nature of the source of each acquisition? How much of that money has been reinvested into the Financial Intelligence Unit since its inception in 2016, per annum?"
Whilst our aim is to provide information whenever possible, in this instance the Financial Intelligence Unit does not hold or cannot, after taking reasonable steps to do so, find all of the information that you have requested.
However, you may wish to contact the Financial Intelligence Unit Board (via the Chairman, Her Majesty’s Attorney General at the Attorney General's Chambers) who may be able to help you.
The information relating to the sum total of approval reclaims from the Seized Asset Fund is not held by the Financial Intelligence Unit as it does not have responsibility for the Seized Asset Fund. The Seized Asset Fund is managed by the Financial Intelligence Unit Board which is a separate entity to the Financial Intelligence Unit itself. The Director of the Financial Intelligence Unit is not a member of the Financial Intelligence Unit Board and does not provide record keeping services to it. The Seized Asset Fund management became the responsibility of the Financial Intelligence Unit Board on 1 November 2017 in accordance with 222 ZA (2) of the Proceeds of Crime Act 2008. Prior to this date and the transfer of responsibility, the Seized Asset Fund was overseen by Isle of Man Treasury. You may therefore find it helpful to also contact the Treasury for information relating to the historic records prior to 1 November 2017.
However, I can provide the information about the amount of funding received from the Seized Asset Fund in relation to the running costs of the Financial Intelligence Unit. The Financial Intelligence Unit was created on 22 April 2016. I have therefore broken the reclaims down into the relevant financial years. 2016/2017 In the first year of the Financial Intelligence Unit becoming a separate legal entity it was made up of seconded members of staff from both the Isle of Man Constabulary and the Customs and Excise Division. The cost of these staff members was met by their retrospective Departments. Therefore, the total reclaim from the Seized Asset Fund was £183,612.72. This can be found at page 102 of the Isle of Man Government Detailed Accounts for the year ended 31 March 2017 which can be found here: https://www.gov.im/media/1358013/detailed-government-accounts-year-ended-31- march-2017.pdf 2017/2018 In the second year of the Financial Intelligence Unit it was funded in part by the Seized Asset Fund. The Unit was still made up of seconded officers from the Isle of Man Customs & Excise Division and the Isle of Man Constabulary and the cost of these staff members was (as in the previous year) covered by their Departments. Therefore, the total reclaim from the Seized Asset Fund was £311,064. The Isle of Man Government Detailed Accounts for the year ended 31 March 2018 are not yet publicly available. However, when they are they will appear on the website below: https://www.gov.im/categories/tax-vat-and-your-money/government-accounts/ 2018/2019 The Financial Intelligence Unit was successful in converting its budget from Seized Asset Fund to revenue funding for this financial year. The details of our budget can be found at page 87 of the Isle of Man Government Budget here: https://www.gov.im/media/1360554/pink-book-final-2018.pdf Your right to request a review
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Yours sincerely
Freedom of Information Co-Ordinator