Friday, 16th May 2008

News from the Guernsey Press

US warning shot over dirty money

poundcoins_sm.jpgGUERNSEY must not delay bringing in updated anti-money-laundering and counter-terrorist legislation, according to the US State Department.

The Bailiwick is named alongside 56 other jurisdictions in the annual International Narcotics Control Strategy Report. Jersey, the Isle of Man and the UK are also on the list of favourite financial centres for money launderers in 2008.

The report recognises how the island has amended legislation to stay up-to-date with international standards but adds that it should ensure passage of its 2008 legislation, and enact it, as soon as possible.

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This article posted on March 28, 2008 at 2:29 pm, filed under News.
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One Article Comment

  1. mark Dowinton
    Posted March 28, 2008 at 5:25 pm

    It is about time the US practiced what it preaches. There are still states in the US where you do not need to provide details of corporate owners

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