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Jersey Holds Financial Crime Seminar With Asia-Pac Delegates

Wednesday, February 17, 2010

An international conference on financial crime and asset recovery, attended by delegates from more than 20 developing countries and hosted in Jersey, concluded this week.

The conference was held to discuss with representatives from 26 countries in Africa and Asia Pacific how best to obtain information on financial crime and to recover the proceeds of such crime on a global basis.

Speakers included the Financial Secretary to the UK Treasury, Stephen Timms, who congratulated Jersey’s leadership in taking the initiative to hold the conference.

Jersey’s Chief Minister, Terry Le Sueur, said in his closing speech: “Bringing together delegates from developing countries and speakers from relevant international organizations, the conference has presented an excellent opportunity to learn from the developing countries what help they most needed; hear from the international organizations of their experience to-date in helping in the recovery of the proceeds of financial crime; hear what help Jersey can offer developing countries; and hear about the future global action that is needed.”

In a statement after the conference, Le Sueur added:

“Jersey has a track record of assisting in the recovery of stolen assets, in contributing to training programs in developing countries, and in inviting regulators and law enforcement officials to come to Jersey to learn from our experience at first hand. “

“The conference demonstrated that there was much appreciation of what we have achieved in compliance with international standards on financial regulation, anti-money laundering and tax transparency and information exchange. We are determined to continue to play an active role in the pursuit of the G20 objectives in helping developing countries, and the conference is but one step down a road at the end of which hopefully there will be much of benefit for all concerned.”