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WQ.93/2022
WRITTEN QUESTION TO THE
MINISTER FOR EXTERNAL RELATIONS AND FINANCIAL SERVICES
BY DEPUTY R.J. WARD OF ST. HELIER
QUESTION SUBMITTED ON MONDAY 7th MARCH 2022 ANSWER TO BE TABLED ON MONDAY 14th MARCH 2022
Question
"Will the Minister advise what registers of ownership of Jersey property and other assets, if any, are being used to enforce sanctions against Russian citizens identified as close to the Putin regime; and if no such registers exist, how are sanctions being enforced?"
Answer
Authorities will draw from all available sources when enforcing sanctions, including the Jersey Financial Services Commission's verified register of beneficial ownership information, property information collected under the Control of Housing and Work Law, tax information submitted to Revenue Jersey, notifications by financial services providers, and wider intelligence sources.
As Members are aware, I have established an operational taskforce so that key agencies, charged with tackling financial crime in Jersey, can work together to build an intelligence picture and better understand risk posed in Jersey. The taskforce includes representation from the States of Jersey Police, Jersey Financial Services Commission, Jersey Customs and Immigration Services and others including the Government of Jersey Sanctions Team. That multi agency forum has access to a wide range of information. The taskforce is examining information relevant to Russian customers and assets held in Jersey, sharing information between agencies, and working jointly with UK and international authorities through existing formalised channels. Any links to sanctions or suspected criminality will be referred to law and regulatory enforcement agencies for consideration of investigation. This includes the ability to freeze assets found to be linked to sanctioned individuals.