LLR: Financial Crime

General Editors: Karl Laird and Sebastian Walker</br> Editorial Advisory Board:</br> Professor Peter Alldridge</br> Professor Jeremy Horder</br> Professor David Ormerod KC</br> Professor John R Spencer</br> Richard Burger</br> William Clegg KC</br> Colin Nicholls KC</br> Jonathan Pickworth </br> Nicholas Purnell KC</br> Case reporters and commentators:</br> Academic:</br> </br> Practitioner:</br> Allison Clare KC</br> Sarah Clarke KC</br> Anita Clifford</br>Susannah Cogman</br> Rachel Cook</br> Alex Davidson </br>Eleanor Davison</br> Adina Ezekiel</br> Elaine Freer</br> William Hays</br> Bryan Heaney</br> Nichola Higgins</br> Shula de Jersey</br> Paul Jarvis</br> Nicholas Johnson KC</br> Alice Lepeuple</br> Robin Loof</br>Jennifer Newcomb</br> Quinton Newcomb</br>James Purchas</br> Andrew Smith</br> Aaron Watkins</br> Sebastian Walker</br> Gabriele Watts</br>

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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