01/07/2015
Steenson’s have just successfully defended a prominent trust and corporate services provider in a landmark case for Jersey.
Advocate David Steenson represented STM Fiduciaire Limited in a case brought by the Attorney General alleging that the company, through its previous director, either suspected or had reasonable grounds to suspect that a particular transaction was connected with money laundering.
After a trial lasting four days, the company and its former director were acquitted and the prosecution was ordered to pay the Defendants’ costs.
The case is of the utmost significance to Money Laundering Reporting Officers and their companies, both in this jurisdiction and elsewhere, and a fuller article will be published shortly.
In the meantime, anyone with queries on this particular topic should contact Advocate Steenson on 01534 888 080.
