Jersey Finance welcomes the commitment by the G20 nations in their fight against non co-operative jurisdictions and the expansion of the OECD’s Global Forum on Transparency and Exchange of Information.
 
 Following the G20 Summit in Pittsburgh the Group have agreed to use counter measures against tax havens from March 2010. Jersey Finance supports international efforts to act against non co-operative jurisdictions and firmly supports the drive towards achieving a level playing field in tax cooperation.
 
Geoff Cook, chief executive of Jersey Finance commented:
 
“Jersey Finance fully supports the ongoing commitment by the G20 nations in their efforts to bring sanctions against uncooperative jurisdictions and endeavours to enhance international standards of financial regulation and compliance.
 
We are also delighted that Jersey has been invited to take on the role of Vice Chair of the OECD’s Peer Review Group set up at its recent Global Forum to assess how effectively international standards of transparency and exchange of information are being implemented by individual jurisdictions. And believe this work will help to cement Jersey’s status as a co-operative jurisdiction and is further confirmation that we are viewed as a member of the international community sitting alongside the other elected Vice Chairs (India, Japan and Singapore) and Chair (France).”       
 
Ends.
 
For further information, please contact Geoff Cook, Chief Executive, Jersey Finance Limited, on tel. +44 (0) 1534 836000 or e-mail geoff.cook@jerseyfinance.je
Or
Mike Sunier at Crystal Public Relations on tel. +44 (0) 1534 639505 or e-mail mike@crystalpr.co.uk