Jersey has been given £20,000 after a Danish fraudster used the island to hide his assets.
Bjorn Steidl stole nearly £40 million pounds from various companies, and was sentenced in 1999.
Courts in Denmark ordered nearly £8 million be retrieved from his assets.
In 2014 it was discovered Steidl held money in bank accounts in Jersey, under the name of his former secretary.
The Attorney General requested it be frozen, and in 2015 £90k was returned to Danish authorities.
Just under £20,000 has now been paid to Jersey’s Criminal Offences Confiscations Fund to be used “for the benefit of the island”.
Whilst the sum confiscated in this case is relatively modest, this case again demonstrates Jersey’s ability to combat international money laundering.
In total Steidl was sentenced to 15 years in prison, between the UK and Denmark.
Source = Last updated Wed 7 Jun 2017
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