GUERNSEY LAW OFFICERS ANNOUNCE FIRST-TIME FORFEITED ASSET SHARING WITH THE UNITED STATES

Guernsey announced during a visit to the Department of Justice in Washington D.C. on the 8^th December 2017, that it will share with the United States government approximately $14.3 million recovered while assisting U.S. prosecutors and investigators with two U.S. criminal cases in which money was laundered via Guernsey.

The $14.3 million represents one half of the net proceeds recovered in Guernsey, stemming from the two U.S. criminal cases. The other half of the confiscated assets will be retained by Guernsey under the US/Guernsey Asset Sharing Agreement made in 2015 between the respective governments.

Guernsey Attorney General (H.M. Procureur) Megan M.E. Pullum, Q.C., and Solicitor General (H.M. Comptroller) Robert M. Titterington, Q.C., made the announcement during a visit with officials of the Department of Justice's Criminal Division.  

H.M Procureur Megan Pullum Q.C. said: