21 September 2009
I have been made aware of allegations made in a BBC TV programme which is due to be aired tonight (21 September 2009). I am also aware that Lloyds bank is investigating the circumstances surrounding these allegations.
The island’s laws on tax information exchange are clear. Jersey has laws in place to prevent its use by those engaging in activities involved with tax evasion, and has always made this clear to the financial institutions operating in the island.
The island’s laws comply fully with the international standards of tax information exchange and transparency, a fact which is reflected in Jersey’s inclusion in the OECD list of jurisdictions that have met all such standards.
Should there be any evidence of a breach of Jersey’s laws or regulations, the relevant authorities will open their own investigation with follow up action as appropriate.
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