LLR: Financial Crime

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Document

HER MAJESTY’S ATTORNEY GENERAL v LGL TRUSTEES LTD

[2021] Lloyd's Rep. FC 374

ROYAL COURT(JERSEY)

Before Clyde-Smith,Jurat Ronge,Jurat Hughes

Money laundering – Sentencing – Trust company – Customer due diligence – Politically exposed person – High-risk transaction – Risk assessment and management – Failure to recognise and respond to risk that trust structure might be used for embezzlement – Failure to properly identify and verify the corporate customer's controllers – Proceeds of Crime (Jersey) Law 1999, article 37(4) – Money Laundering (Jersey) Order 2008, articles (11)(1)(f) and 13(1)(a).

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