Page 788 - IOM Law Society Rules Book

410 Proceeds of Crime Act 2008 c.13

(b) a person purporting to act as a director, manager or
secretary;

(c) if the affairs of the body are managed by its members,
a member;

(d) in relation to a limited liability company constituted
[c.19] under the Limited Liability Companies Act 1996, a
member, the company’s manager, or registered agent;
and

(e) in relation to a company incorporated under the
[c.13] Companies Act 2006, the company’s registered agent.

222. (1) Any expenses incurred in the implementation of this
Financial
provision Act are to be paid out of monies provided by Tynwald.

(2) Subject to subsection (3), all monies representing
anything recovered, confiscated or forfeited (including accrued
interest thereon) under Part 1 or Part 2 of this Act are to be paid
into the General Revenue of the Island.

(3) Any payment due to the Attorney General or to a
Department under this Act is to be treated as a Crown debt.

(4) The Treasury may enter into asset sharing agreements
on behalf of the Island.

(5) The Treasury may transfer (upon such terms and
conditions as the Treasury determines) the whole or any part of a
sum of money representing anything recovered, confiscated or
forfeited under this Act or any enactment modified or repealed by
this Act to authorities in any other country or territory which
participated directly or indirectly in the recovery, confiscation or
forfeiture if such transfer is authorised in an asset sharing
agreement.

(6) Where the Island has participated directly or indirectly
with another country or territory in the recovery, confiscation or
forfeiture of property under the laws of that country or territory
which the Treasury considers to be analogous, or to fulfil a purpose
similar to, any of the provisions of this Act, the Treasury may
receive (upon such terms and conditions as the Treasury
determines) the whole or any part of a sum of money representing
anything so recovered, confiscated or forfeited from authorities
in that other country or territory if such receipt is authorised in an
asset sharing agreement.

(7) In this section, “asset sharing agreement” means any
agreement or arrangement made by or on behalf of the Island with a