Friday 10th January 2025
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Comsure operates in:the UK, Jersey, Guernsey

Jersey Joint Financial Crimes Unit Trends & Typologies ( Case 13 )

Sanitised case 13

A TCB made a STR following internet research and lack of due diligence. The client had been involved in a high profile court case in Europe, which involved accepting ‘bribes’ or ‘commissions’ for taking on business without asking any questions. A Trust structure was formed in Jersey which was structured to conceal the original source of funds and as a money laundering conduit. Some time later the Trust structure was then restructured to disguise the original beneficiary and Settlor of the funds and therefore eventually attaining the essential disconnection.

http://www.jersey.police.uk/SiteCollectionDocuments/Financial%20crime/ID%20JFCU%20Trends%20typologies%2020110107%20SH.pdf


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