Guernsey lifted from US senator’s blacklist

Guernsey’s campaign to be removed from a US blacklist has succeeded, with Democrat Senator Carl Levin changing his view on the jurisdiction.

The island’s Chief Minister Lyndon Trott met Washington officials over the past week. Senator Levin subsequently modified a bill, which previously listed Guernsey as an “offshore secrecy jurisdiction”.

The change follows a series of efforts by Guernsey’s political leader Trott to convince Levin’s chief investigator and his counsel Bob Roach the Channel Island is regulated, lacks banking secrecy laws and is cooperative on tax information sharing, said a statement from Guernsey Finance.

“I was delighted to be advised this week that Guernsey would no longer be unfairly blacklisted in the Senator’s legislation. Our continued dialogue with Senator Levin was instrumental in changing the legislation and I thank the Senator and his team for listening to the facts about Guernsey,” said Trott.

“We are delighted that our relationship with the United States is not only recognised as important but that it continues to be judged by both governments as a success,” he added.

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