ABU DHABI COMMERCIAL BANK PJSC IN JERSEY FINED £475,000 FOR AML FAILINGS

A news release from the Jersey Government on 6 February confirmed the fine imposed on the bank for failing to comply with the requirements of Money Laundering (Jersey) Order 2008 – the first time since 2005 that a corporate offender has been convicted and sentenced for failures to comply with the Money Laundering Order.

https://www.gov.je/News/2020/Pages/BankFined.aspx

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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