The Jersey Offshore coverage is based on a trove of leaked documents that illuminate the inner workings of a secretive, exclusive trust company called La Hougue that from the 1980s operated from the isle of Jersey, a notorious British tax haven in the Channel Islands.
The Global Reporting Centre’s work on this project was generously supported by the TRACE Foundation.
The isle of Jersey has built a reputation as a better-regulated and more transparent tax haven than other offshore jurisdictions. But the leak of secret files from a once-prominent Jersey trust company La Hougue reveals how determined financiers can bend the rules.
A leak of a Jersey trust company’s internal records appeared from an unusual source. Tanya Dick-Stock discovered the documents on the grounds at the Jersey manor where she grew up.
Tanya and Darrin Stock first searched the records to help them with a lawsuit. Gradually, they realized that the files revealed large-scale embezzlement.
Rarely have the methods of money laundering and tax evasion been shown more vividly than by the files from John Dick's brown boxes. The paper trail suggests that money laundering and document forgery went on undisturbed for many years.
Among La Hougue’s clients were businessmen from Russia, including an entrepreneur who in the early 2000s was suspected by Italian law enforcement agencies of arms trafficking.
The leaked files of the trust company La Hougue show the firm facilitated large-scale tax evasion and money laundering, including through the manufacture of false documents.
Bogus loans, trusts, false documents: leaked documents reveal how an offshore service provider in Jersey will stop at nothing to help its clients hide their money and escape the tax authorities.