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Guernsey Chief Minister Attends Meetings In Washington

by Mike Godfrey, Lowtax.net, Washington
16 February, 2015

Guernsey's Chief Minister, Jonathan Le Tocq, has attended a series of meetings in Washington to strengthen economic and political ties between Guernsey and the US.

Le Tocq met with officials from the Senate Foreign Relations Committee, the American Bankers Association, and the Securities Industry and Financial Markets Association.

Le Tocq said: "Guernsey has an excellent track record of partnership with the US. For example, we partner with their authorities on shared objectives such as combating financial crime and the funding of terrorism, and on asset freezing, asset recovery, and the effective implementation of international sanctions."

"Guernsey and the USA have shared interests in international growth and prosperity, and I was pleased that those I met with understood that Guernsey's finance sector has a strong role to play in that. It was very useful to reinforce the message that Guernsey is a mainstream international finance center built on quality and stability, and that we have a political, business, and regulatory commitment to meeting the highest international standards."

"It was encouraging to note increasing recognition of our global expertise in key areas such as captive insurance, and I was also pleased to have the opportunity to explain our unique status as a Crown Dependency with a strong growing international identity, and as a friend of the USA."

Guernsey recently signed an asset-sharing agreement with the United States allowing the two territories to mutually enforce confiscation orders and remit recovered assets.


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