Global Investigations Review - The law and practice of international investigations

Jersey fines Abu Dhabi bank over money laundering failures

By Sam Fry

06 February 2020

Jersey fines Abu Dhabi bank over money laundering failures Mont Orgueil Castle in Jersey, UK (Credit: shutterstock.com / Kiev.Victor)

Jersey’s high court has fined the Abu Dhabi Commercial Bank’s Jersey branch for allowing two clients to take out over $1 million in cash without asking the purpose of the withdrawals.