Jersey and Guernsey have both recently signed Asset Sharing Agreements with the US.
A delegation from the United States Department of Justice was in Jersey today to sign an Asset Sharing Agreement. - See more at: http://www.businesslife.co/BusinessNews.aspx?id=jersey-signs-asset-sharing-agreement-with-usa#sthash.EqSaRQ5b.dpuf
The Jersey agreement was signed when a delegation from the United States Department of Justice visited Jersey on 28 January.
The agreement recognises the international efforts of both the US and Jersey in the fight against financial and other cross-border crimes, including the targeting of terrorism and money laundering. It provides that where one party has assisted another in facilitating a forfeiture or confiscation of assets in criminal or civil proceedings, such assets may be shared between the parties.
The agreement was signed by Deputy Assistant Attorney General, Kenneth Blanco, on behalf of the United States, and the Attorney General, Timothy Le Cocq QC, on behalf of the Government of Jersey. The US delegation also included Assistant Deputy Chief, Jack de Kluiver, and Senior International Counsel, Michael J Burke, of the Asset Forfeiture and Money Laundering Section of the US Department of Justice.
Meanwhile, the Guernsey agreement was approved by the Policy Council's External Relations Group, and signed by HM Procureur Howard Roberts, and Kenneth A. Blanco, the Deputy Assistant Attorney General in the US Department of Justice in Guernsey, on 27 January 2015.
Mr Blanco was also joined in Guernsey by Jack de Kluiver, the Assistant Deputy Chief of the Asset Forfeiture and Money Laundering Section at the United States Department of Justice, and Michael J. Burke, the Senior International Counsel in the Asset Forfeiture and Money Laundering Section of the United States Department of Justice.
On the signings, Kenneth Blanco said: "The consistent and reliable cooperation we receive from our counterparts in Jersey and Guernsey has been indispensable to our efforts to recover many millions of dollars in criminal assets from abroad. Because a number of pending US investigations and prosecutions involve assets located in [the Channel Islands], today’s agreement can be expected to serve as a useful tool for asset recovery and sharing in the future.”