A major investigation is continuing into allegations of money-laundering through Jersey bank accounts.

The Jersey Financial Services Commission began the probe following claims made last November that a drug dealer and a gunrunner were among more than 4,000 customers to hold accounts with HSBC in the island.

It followed a leak of the bank’s client list – something the JFSC is also investigating.

Director of Enforcement, Barry Faudemer, said: “The investigation remains ongoing and I cannot make further comment at this time.”

HSBC also pledged to investigate the claims made in the Daily Telegraph under the headline: “Drug dealers, gunrunners and Britain’s biggest bank”.

http://www.channelonline.tv/channelonline_jerseynews/displayarticle.asp?id=504601