Sanitised case 29 Review of client relationship revealed suspicions that funds used to set up a local structure were the proceeds of crime from a widely publicised corruption / bribery case. “No consent” in place until enquiries were made with the jurisdiction where the corruption case originated. This resulted in the “no consent” being lifted […]

Sanitised case 28 Fraudulent investment scheme. A local institution became wary of an existing client / relationship when they received a call from a potential investor enquiring about the location of funds they had remitted to the account. Their client claimed to be a trader in the financial markets but enquiries by JFCU revealed that […]

Sanitised case 27 AA is a foundation that lends money to African governments who cannot raise credit and are paid back through the sale of oil. AA has extensive experience in this activity having worked with Middle Eastern governments for many years and completing many infrastructure/humanitarian projects. Due to the nature of the work undertaken […]

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 […]