Money Laundering Bulletin
Stanchart trust manager pays UK£140,000 in Guernsey for major CDD failings
By Keith Nuthall
The Guernsey Financial Services Commission (GFSC) has fined a branch of the Standard Chartered group UK£140,000 (US4194,000),
detailing wholesale breaches of the Bailiwick’s financial laws though trust management activities. [1]