HC Deb 22 March 1999 vol 328 cc99-100W
Mr. Cohen

To ask the Chancellor of the Exchequer what discussions he has had with the administration of Jersey about the use of companies based in Jersey for the money transfers by the Russian Central Bank; and if he will make a statement. [76631]

Ms Hewitt

Treasury officials have been briefed by the Jersey authorities about press allegations concerning a Jersey based company FIMACO used by the Central Bank of the Russian Federation to manage assets. Regulation of the financial services industry and company registration in Jersey is the responsibility of the Jersey Financial Services Commission.