Wednesday 15 May 2024
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Media Release

Chief Minister breaks US holiday for States business


MEDIA RELEASE: The views expressed in this article are those of the author and not Bailiwick Express, and the text is reproduced exactly as supplied to us

Deputy Jonathan Le Tocq took a day out from a trip to the USA to further relations between the island and Washington.

Deputy Le Tocq said: "I very much wanted to use the opportunity of being in the USA on a short break to meet with business bodies and political representatives in Washington. The recent signing of the Guernsey- USA asset-sharing agreement demonstrated closer working between authorities in Guernsey and the USA, and the meetings I had on Tuesday helped reinforce our desire to open doors for new opportunities and reflected this closer understanding."

He took the time to meet officials from the Senate Foreign Relations Committee, the American Bankers Association and the Securities Industry and Financial Markets Association

He added: "Guernsey has an excellent track-record of partnership with the USA. For example, we partner with their authorities on shared objectives such as combating financial crime and the funding of terrorism, and on asset freezing, assetrecovery and the effective implementation of international sanctions.

"Guernsey and the USA have shared interests in international growth and prosperity, and I was pleased that those I met with understood that Guernsey's finance sector has a strong role to play in that. It was very useful to reinforce the message that Guernsey is a mainstream international finance centre built on quality and stability, and that we have a political, business and regulatory commitment to meeting the highest international standards.

"It was encouraging to note increasing recognition of our global expertise in key areas such as captive insurance, and I was also pleased to have the opportunity to explain our unique status as a Crown Dependency with a strong growing international identity, and as a friend of the USA."

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