Legislation requires all banks in Jersey to operate robust systems and controls to prevent and detect money laundering, which includes reporting any suspicion of money laundering to the States of Jersey Police and Customs Joint Financial Crimes Unit. There has been widespread press speculation and allegations in respect of accounts operated by HSBC within Jersey. The Commission will investigate the matters raised by the press, including how the misappropriation of data occurred, and examine in detail the anti-money laundering systems and controls operated by the bank. HSBC has undertaken to provide assistance to the Commission in the conduct of its investigation.
If any person is in possession of information that could assist that investigation they are asked to contact the Director Enforcement, Barry Faudemer, by telephone on 01534 822137 or by email email@example.com Alternatively, information can be provided anonymously using the whistleblowing telephone line operated by the Commission on 01534 887557.