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Last Updated: Monday, 22 May 2006, 21:03 GMT 22:03 UK
Corruption cash raises concerns
Jersey's attorney general has called for changes to the law governing which countries the island can help to recover criminal funds.

William Bailhache said "substantial assets" arising from corruption in Pakistan are being stored in Jersey.

He will not reveal exact details, but he said it is enough to make him think Jersey should change its laws.

The Attorney General wants Jersey's courts to consider requests to freeze assets on a case by case basis.

The courts are currently restricted in such requests to a list of countries which Pakistan is not on.

Last year offshore financial centres around the world, including Jersey, discussed improving the regulation of financial activities.

The conference in the Cayman Islands considered ways to combat money laundering and tracing terrorist funds.




SEE ALSO:
Taxman targets offshore savers
18 May 06 |  Business
Island's bank deposits up £6.6bn
08 Dec 05 |  Jersey
Offshore accounts to be investigated
19 Feb 04 |  Jersey


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