Sanitised case 21 Y is an “entrepreneur” in a highly regulated low risk jurisdiction. Y established a Jersey company for the purpose of acquiring a cruise ship that would be used for river cruises. The purchase price of the cruise was £12 million and the funding would come from the personal assets of Y. It […]

Sanitised case 20 X approached a financial institution to settle a Trust with substantial funds. X was a citizen of one jurisdiction but living in another jurisdiction. X was the son of Y who according to internet research had been subject of a criminal prosecution in a highly regulated (low risk) jurisdiction in which thousands […]

Sanitised case 19 An example of criminals hiding the Proceeds of Crime by multiple transfers through multiple jurisdictions and not using investment products as stated or as products are marketed. The financial institution in Jersey received £200,000 into an account and this was immediately paid into an investment bond. The funds remained in the bond […]

Sanitised case 18 Information was shared with the overseas jurisdiction which led to a major investigation. X was introduced to the disclosing institution by an existing reliable contact. He described himself as in the legal profession and lived in an overseas jurisdiction. X wished to establish an offshore arrangement to be administered by the financial […]

Sanitised case 17 An example of declined business which led to intelligence being shared with the UK authorities who were investigating these nominals for numerous large scale frauds including mortgage fraud. This example shows how declined business can lead to significant information for law enforcement. Applications for new accounts were received by the financial institution […]

Sanitised case 16 A local bank submitted a SAR as they were concerned that funds held in a recently opened account were not from a legitimate source. The account holder opened the account in 2009, with the intention of paying in savings and income from part time work. The account holder was a student and […]

Sanitised case 15 A couple made arrangements with a local real estate company to view properties on the 1.1k £15m plus bracket. An email dialogue had been exchanged prior to the visit, where Mr. Y spoke of his business activities and alleged source of wealth. Whilst viewing properties a member of staff in the real […]

Sanitised case 14 A local disclosing institution became suspicious of a client (Mr X) due to cash withdrawals and a loan taken out which was not in keeping with the clients profile. Unbeknown to the local institution Mr X had received a scam email and developed a relationship with an African female who allegedly wanted […]