Section 80D: Financial Crimes Division of Intermediate Court

80D. Financial Crimes Division of Intermediate Court (1) There shall be a Financial Crimes Division of the Intermediate Court which shall, subject to this section, have jurisdiction to hear and determine a financial crime offence. (2) Where a person commits a financial crime offence, the Director of Public Prosecutions may, in his discretion, determine that the information relating to the offence shall be laid before the Financial Crimes Division of the Supreme Court or the Financial Crimes Division of the Intermediate Court. (3) In exercising his discretion under subsection (2), the Director of Public Prosecutions may have regard to whether the offence – (a) has international ramifications; (b) involves complex sequence of bank transfers or commercial transactions; (c) involves complex ownership, company and proxy structures; or (d) is one in which the offenders may be engaged in cybercrime or computer-based fraud involving money held in the form of virtual currency. (4) This section shall not affect the jurisdiction of any other competent Court in respect of a financial crime offence. (5) In this section – “financial crime offence” – (a) means an offence committed under an enactment specified in the Sixth Schedule; and (b) includes any other offence which is connected or ancillary to an offence committed under an enactment specified in the Sixth Schedule. Acts 2020 389