The sector has come under increasing scrutiny in the past two weeks since 11.5 million documents were leaked to investigative journalists from the archives of Panamanian law firm Mossack Fonseca, which specialises in setting up companies in offshore jurisdictions.
The leak has revealed billion-pound trails leading through various offshore finance centres, including the British Virgin Islands and Mauritius, connected to world leaders, Vladimir Putin alleged to be one.
Some Jersey firms have been linked to the dealings of Mossack Fonseca, which has a small office at Osprey House in St Helier, and this has led to negative speculation over the Island’s role in offshore dealings in the media, however, there have been no allegations of any illegal activity by any firms in Jersey in recent years.
