Money Laundering Bulletin
LGL Trustees fined UK£550,000 in Jersey court for due diligence breaches
Non-recognitionof the risk that a structure set up for the National Bank of Angola could beused to embezzle public money and
a failure to properly identify and verify thecontrollers – the bank’s board members – for six years has cost LGL TrusteesLtd
a UK£550,000 fine in the Royal Court of Jersey.