02 February 2022
The Minister for External Relations and Financial Services, Senator Ian Gorst, has issued the following statement:
Jersey will maintain a position of full alignment with the UK, and other international partners, in supporting measures that seek to encourage Russia to de-escalate and engage in dialogue to find a diplomatic resolution.
Jersey takes its obligations as a responsible international actor extremely seriously. The Island has a hard-earned reputation as a robustly regulated international finance centre, with a positive track record of helping to enforce the agreed actions of the international community.
Jersey’s international sanctions regime is based upon clear requirements placed on the financial services industry to undertake robust checks on clients they are acting for and to monitor these relationships against ongoing sanctions listings.
Jersey continues to work in close and constant cooperation with the UK on the fast and effective implementation of international sanctions. This properly reflects the Island’s constitutional position, and it is why Jersey enjoys an excellent record for implementation of all UK sanctions against countries, regimes or individuals believed to be violating international law.
We are in dialogue with UK officials on this important issue and will respond swiftly and appropriately to international developments.