Jersey has immediately implemented the further sanctions announced by the UK today, and we continue to play our part in the international response to the Russian invasion of Ukraine, the Minister for External Relations and Financial Services, Senator Ian Gorst, has said.
“Jersey is cooperating with the UK in all measures, including in respect of those persons with links to Jersey who have been subject to sanctions today. Our robust legislation is underscored by severe criminal consequences for those who fail to adhere to it,” Senator Gorst said. “We are a responsible and internationally co-operative jurisdiction and are implementing all UK sanctions and are committed to remaining in lockstep with the UK.”
Jersey’s support for the international response was reaffirmed at a meeting with UK Ministers yesterday (Wednesday 9 March). Ministers from the three Crown Dependencies met the UK’s Minister of State for Security and Borders, Rt Hon Damian Hinds MP, and the Parliamentary Under-Secretary of State for Business, Energy and Corporate Responsibility, Rt Hon Lord Callanan, to discuss the Economic Crime Bill, which forms part of the UK’s package of economic measures against targeted Russian individuals and organisations.
Senator Gorst said: “The meeting was an opportunity for UK Ministers to update the Crown Dependencies on the UK’s work to accelerate the UK Economic Crime Bill. Jersey has had a long-standing beneficial ownership register populated with accurate and vetted beneficial ownership information provided by regulated service providers. We exchange this information with authorities worldwide, particularly with the UK and we welcome any efforts globally to improve the accuracy of registry data. We also remain committed to implementing a public registry in the timescale which has already been announced.”
Government of Jersey News Release.