Jersey - officially a money laundering free zone!
It’s official - money laundering does not take place in Jersey. I know that’s true. The Jersey police say so in their 2006 annual report. Look at appendix 3 (which I attach here to assist). You will see that there’s been no criminal money laundering reported or detected in the year. Fantastic news, I say, which suggests that the police objective (as noted in the report) of:
maintaining the financial reputation of the Island by investigating money laundering, fraud, drug trafficking and funds used to support acts of terrorism
is clearly working being achieved. So well in fact that no one even tells them what’s happening.
Mind you that does leave them to get on with the bigger scale financial crime of the sort the report highlights, such as:
defrauding of potato farmers by a financial controller of a local pack house company.
All’s well down in Jersey in that case then. We can sleep easy at night.
Try - http://www.guernseyfis.org/lib.asp
Page 8 of the Guernsey FIS 2006 annual report. Whilst it does not state tax evasion within the statistics they are within the Fraud / forgery heading which accounts for over 35% of the 500+ reports received by the FIS in 2006
Am puzzled as to why Kent Reliance Building Society should be
operating loans businesses in Jersey and in Guernsey ie Jersey
Home Loans and Guernsey Home Loans.
Are Building Societies allowed to do this with their funds ie my
savings ??
Sarah
Yes - they may do that.
Most building societies have ‘offshore’ branches.
It shows how far our mutual world has been corrupted
Richard