The Attorney General Robert MacRae has been working with Denmark’s Prosecutor for Serious Economic and International Crime since 2013 on a case involving fraudster Bjorn Stiedl.
The businessman has been convicted of numerous counts of fraud since 1999 totalling more than £40 million.
In one of the frauds, the then 44-year-old plundered more than £2 million from a company pension fund and hid the money in various overseas bank accounts. He was jailed for four-and-a-half years for the crime in 2005.
In 2014, following a request from Danish authorities, Mr MacRae applied for and was granted an asset-freezing order in relation to bank accounts held by Stiedl in Jersey in the name of the businessman’s former secretary.
A total of £90,000 of the seized cash was sent back to Denmark at the request of their authorities while £20,000 will be kept in Jersey and held in the Criminal Offences Confiscation Fund.
Money from the fund has been used for various projects including the building of the new police headquarters.
Mr MacRae said: ‘Whilst the sum confiscated in this case is relatively modest, this case again demonstrates Jersey’s ability to combat international money laundering.
‘It also shows that we will track down and confiscate the proceeds of crime when they are hidden in the name of front men or nominees.’
