News

Money laundering charges admitted in Jersey

07/12/2020

LGL Trustees Ltd Friday 4 December 2020 admitted, failing to

  1. MAINTAIN appropriate and consistent policies and procedures while they had been conducting a business relationship with Quantum Global Real Estate AG [QGRE], which was acting on behalf of the National Bank of Angola.
  2. APPLY identification and application measures, When forming a business relationship with QGRE, to the members of the board of the National Bank of Angola.
  3. ENSURE that certain pieces of information, relating to the board of directors of the National Bank of Angola, were kept up to date.

Representatives from LGL Trustees Ltd are due to appear before the Royal Court on 15 February next year.

https://www.linkedin.com/posts/mathew-beale-8aa49b1_lgl-trustees-ltd-yesterday-admitted-not-maintaining-activity-6740975614863405056-4im7/

https://www.comsuregroup.com/news/jersey-money-laundering-case-in-the-royal-court-tomorrow-friday-4th-december-2020/

https://www.gov.je/Government/NonexecLegal/JudicialGreffe/CourtLists/ID%20Royal%20Court%20Public%20Business%204%20December%202020%20%282%29.pdf