Moscow's Gold: 'Lack of understanding' about Guernseypublished at 07:46 BST 24 May 2018
Chris Quevatre
BBC News Online
Guernsey's chief minister has written to a UK parliamentary committee after reports that "dirty money from Russia" is entering the UK through the Crown Dependencies and British Overseas Territories.
The Foreign Affairs Committee wants a unified stance on stopping money laundering but Deputy Gavin St Pier said there's a "lack of understanding" about Guernsey.
In the report - called "Moscow's Gold: Russian Corruption in the UK, external" - the committee said it was currently "business as usual" for allies of Russian President Vladimir Putin who are hiding what they call corrupt assets in London.

The committee said although the UK should respect the autonomy of other jurisdictions, money laundering was "now a matter of national security" and have called on the government to "encourage" the Crown Dependencies to publicly publish details of the true owners of companies based there.
This would mean Guernsey making their register of beneficial ownership a publicly available database; it's currently only available to authorities, regulators and prosecutors.
Both Jersey and Guernsey have said they will make their registers public once it becomes an international standard.














