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First in Jersey: lessons from the Abu Dhabi Commercial Bank case

Money Laundering Bulletin

First in Jersey: lessons from the Abu Dhabi Commercial Bank case

Jersey’s first prosecution of a bank for breach of its AML regime has sent waves through the regulated sector, writes Eleanor Davies of Baker & Partners. Whether those are waves of interest or panic will depend on a business’s confidence in its own policies and procedures, but the core lesson is clear: failure to maintain effective AML controls invites punishment.

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