AG v LGL Trustees Limited 19-02-2021 [2021] JRC 053 (19 February 2021)

LGL Trustees Limited is fined £550,000 on Count 1 for breaches of anti-money laundering and proceeds of crime legislation, with no penalty on Count 2, and is ordered to pay £50,000 towards prosecution costs, totaling £600,000, payable within three months.

Source-derived case information.

Citation: [2021] JRC 053
Parties: Defendant: LGL Trustees Limited
Jurisdiction: Jersey
Judgment Date: 19 February 2021
Procedural Posture: Criminal / Decision Announcement
Outcome: LGL Trustees Limited fined and ordered to pay prosecution costs.
Legal Topics: Money Laundering, Proceeds of Crime, Financial Penalties

Criminal Law Financial Regulation Money Laundering Proceeds of Crime Financial Penalties

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Full judgment text Downloadable case file Legal principles 1 Authorities cited 4 Party arguments 1 Amounts and remedies 3

Parties

LGL Trustees Limited

Defendant

Procedural Posture

Criminal / Decision Announcement

Legal Issues

1 Whether LGL Trustees Limited is liable under the Money Laundering (Jersey) Order 2008 and Proceeds of Crime (Jersey) Law 1999
2 Appropriate penalty for breaches

Ratio Decidendi

Court Disposition

LGL Trustees Limited fined and ordered to pay prosecution costs.

Orders

Fine of £550,000 on Count 1
No penalty on Count 2

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