Back in 2015 MORE than 20 major fraud cases involving millions of pounds being allegedly laundered through Jersey banks by people from all over the world are being actively investigated by financial crime detectives, the States police have revealed. The operations department of the Joint Financial Crimes Unit are working on 23 ‘major’ investigations, some […]

Volkswagen admitted it lied about emissions tests for about 11 million diesel vehicles. In September, a Volkswagen engineer [James Robert Liang],  pleaded guilty to one count of conspiracy to defraud the United States, to commit wire fraud, and to violate the Clean Air Act. Liang admitted VW could not design a diesel engine to meet […]

French prosecutors are calling for Royal Bank of Canada’s wealth-management subsidiary in the Bahamas to be hit with the maximum fine allowed – €187,500 ($270,619 Canadian) – for its alleged role in a sophisticated tax fraud and money-laundering scheme involving billionaire international art dealer Guy Wildenstein and other family members. Royal Bank of Canada Trust […]

A LEGAL case involving fraudulent transfer of a deceased businessman’s funds into a Jersey bank account was explored at a recent seminar presented by Baker & Partners. The case of Fletcher-Wilson v Higuchi was used to outline the steps that banks and corporate service providers should take if faced with a fraud claim. Outlining the […]