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 […]

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 […]

Sanitised case 11 A local disclosing institution became aware of persons trying to test the account opening procedures and possibly to fraudulently obtain Corporate information in order to clone or defraud the said institution.All attempts were thwarted and no fraud occurred as a result of staff vigilance. http://www.jersey.police.uk/SiteCollectionDocuments/Financial%20crime/ID%20JFCU%20Trends%20typologies%2020110107%20SH.pdf

Sanitised case 10 A local institution was approached by a walk in client looking for safe custody services for bearer instruments the client was in possession of. It transpired that these bearer instruments were subject of much controversy and the business declined. The client then tried several other local institutions that also declined the take […]