Jersey has weathered the storm caused by the Panama Papers
revelations, Ogier corporate finance lawyer Richard Daggett has
told Property Week in their latest feature on the Channel
Islands.
Richard – who was made a partner last November –
said that the high standard of regulation in Jersey compared to
Panama meant that the two offshore centres were seen very
differently by clients and intermediaries. He says that the
level of regulatory oversight in Jersey means that clients know
that they will not be tarred with the same brush as those caught up
in the initial Panama Papers coverage at the beginning of
April.
The stories concerned a leaked database of clients of Mossack
Fonseca, a Panamanian law firm and corporate services provider, and
revealed some of the offshore holdings of many current and former
politicians and their families. But Richard – who works
in Ogier's corporate finance team - said that the authorities
and industry in Jersey had worked diligently
