LLR: Financial Crime

General Editor: Karl Laird</br> Editorial Advisory Board:</br> Professor Peter Alldridge</br> Professor Jeremy Horder</br> Professor David Ormerod QC</br> Professor John R Spencer</br> Anthony Arlidge QC</br> William Clegg QC</br> Colin Nicholls QC</br> Nicholas Purnell QC</br> Case reporters and commentators:</br> Academic:</br> Dr Colin King</br> Dr Karl Laird</br> Dr Sarah Wilson</br> Practitioner:</br> Jonathan Barnard</br> Andrew Bodnar</br> Sarah Clarke QC</br> Susannah Cogman</br> Rachel Cook</br> Eleanor Davison</br> Katherine Hardcastle</br> William Hays</br> Bryan Heaney</br> Nichola Higgins</br> Shula de Jersey</br> Paul Jarvis</br> Nicholas Johnson QC</br> Nicholas Medcroft QC</br> James Purchas</br> Esther Schutzer-Weissman</br> Henry Skudra</br> Andrew Smith</br> Nicholas Yeo

LLR: Financial Crime

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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