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Jersey conference calls for international co-operation to fight crime

A conference organised by the Jersey Financial Services Commission has called for offshore and onshore financial centres to co-operate to ensure compliance with international standards and regulations.

The conference was attended by over 60 regulators, police, and Justice Department officials from 15 countries, who discussed increasing the resources given to fighting financial crime, and to share information.

Jersey Financial Services Commission chairman Colin Powell says: "Co-operation among international regulators is increasingly essential to fight financial crime. Clear responsibility for co-ordinating international initiatives is vital if conflicting standards and duplication of effort are to be avoided."

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