Sanitised case 26 Z a 65 year old British male requested the transfer of several thousand pounds to Y.In line with the disclosing institution policy Z was contacted to verify the payment. No contact could be made by telephone so B was emailed awaiting verification. Y then contacted the institution explaining that Z had forward […]

Sanitised case 25 A new account was applied for by the subject “K” over the internet. The disclosing institution chased K for receipt of signed application form and identity documents. An hard copy application form was received along with ID documents these included a UK passport, Water bill and banks statements (originals except passport which […]

Sanitised case 24 J is a UK national currently residing in South Africa, J appears to hold dual nationality possessing UK and Australian passports and was portrayed as a professional gambler. The disclosing institution explained that J had received over $1,021,000 from a USA on-line betting company. He subsequently transferred $940,000 of this (in two […]

Sanitised case 23 An account was opened in 2008 for the subject in with the disclosing institution. The subject advised that they were self employed but working for a Consulting Group (CG) in an advisory capacity. The account only ever received four credits totalling just over USD 1, 000,000 – all by order of the […]

Sanitised case 22 The MLRO of a local Money Services Business submitted a SAR concerning an 80 year old local resident (Mr. P) who had sent two £1,500.00 money orders to the same individual in Canada. The disclosed was made due to an awareness that Canada was well known as centre for lottery scams and […]

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 […]