Jersey trust fined over £500k for AML breaches which could have put millions of Angolan public funds at risk - AML Intelligence
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Jersey trust fined over £500k for AML breaches which could have put millions of Angolan public funds at risk

A trust company based in Jersey has been fined over half a million pounds for AML failures that could have put “tens of millions of dollars” in Angolan public funds at risk of being exploited.

LGL Trustees Limited – based in St Helier – was handed down a penalty of £550,000 by the Royal Court Friday.

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