£250,000 drawn from the Criminal Offences Confiscation Fund has been donated to the International Centre for Asset Recovery (ICAR) to help fight international financial crime and recover stolen assets.
ICAR is part of the Basel Institute on Governance and supports global efforts to prevent international financial crime.
It operates in a number of countries, including developing ones, where it builds capacity to fight financial crime and trains investigators as well as anti-corruption officers.
Jersey's £250,000 contribution did not come from tax payers, it was drawn from the Jersey Criminal Offences Confiscation Fund, which collects the proceeds of crime, in Jersey and abroad, confiscated from criminals.
Gretta Fenner, Managing Director of Basel Institute on Governance said: “The successful recovery of stolen assets in international corruption and money laundering cases depends on the active cooperation of all concerned jurisdictions. We look forward to working ever more closely with Jersey both in relation to specific cases and on international policy issues of mutual interest.”
Attorney General, Robert MacRae QC observed: “The International Centre for Asset Recovery plays a key role in the prevention and combatting of international crime on the global stage. Jersey’s decision to support the Centre demonstrates the Island’s commitment to fighting crime and to repatriating assets to third countries.”
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