Sanitised case 9 A local institution filed a SAR based on suspicions arising initially from account activity not being in keeping with expectations, an account set up for personal reasons. The account was being used for third party payments to and from Russia,where the client was based and employed. The client stated these payments wereloans […]

Sanitised case 8 A TCB was conducting an overview of PEP accounts when a Russian PEP was identified. Following checks conducted by the disclosing institution it was revealed that the subject was wanted by the Russian authorities. Following lengthy enquiries by the JFCU it was established that all the charges against the subject were eventually […]

Sanitised case 7 A TCB submitted filed a SAR based on updating their KYC/CDD. It was noted that their client had previously been prosecuted for postal offences in the US. The TCB became aware that the client was still conducting the same type ofbusiness. Further investigations by the JFCU with the Canadian & US law […]

Sanitised case 6 A SAR was submitted due to concerns raised by a member of staff during the KYC/KYB update process on one of their customers. A close relative of the customer had written in advising that the customer was away and couldn’t be contacted but will furnish the requested documentation as soon as possible. […]

Sanitised case 5 A TCB advised that through open source research they had become aware of some adverse information on the beneficial owners a company they administered. The information being that the beneficial owners had been arrested in Russia for smuggling high value yachts into the country via the UK. One of the beneficial owners […]

Sanitised case 4 Cheque kiting exploits a system in which, when a cheque is deposited to a bank account, the money is made available immediately even though it is not removed from the account on which the cheque is drawn until the cheque actually clears. An example of this is if a deposit of £1000 […]

The threat to Jersey’s finance industry from organised criminal enterprises will be discussed in a unique business workshop on 20th June. Former Director General of SOCA (Britain’s Serious Organised Crime Agency) and the National Crime Squad, William (‘Bill’) Hughes CBE, QPM (pictured), will be hosted in Jersey by Comsure to share his knowledge on combatting […]

William (‘Bill’) Hughes, CBE, QPM, former senior law enforcement officer and Director General of the Serious Organised Crime Agency, will be the guest speaker at the ICSA Jersey Annual Gala Dinner in June 2013. His visit to Jersey (his first) is sponsored by Comsure. The annual black tie dinner will be held at the Hotel […]