Anti-Financial Crime & Financial Crime Compliance
Regulatory Intelligence Leadership | Insight | Network

Compliance, Regulatory

LATEST: Jersey Financial Service Commission hits bank with nearly £500K (€590K) fine for regulatory breaches

By Elizabeth Hearst for AMLi

A bank in Jersey has been fined nearly £500K (€590K) for breaching financial services regulatory requirements.

Lloyds Bank Corporate Markets Jersey  (LBCM) was hit with a £498,000 fine by the Jersey Financial Service Commission (JFSC) in relation to its dealing with one correspondent banking relationship between 2008 and 2020. 

AML Intelligence
Subscribe now to have unlimited access

With our subscription, you will have unlimited access to the AML Intelligence site, updated daily with the latest analysis, opinion, and breaking news across the sector, newsletter delivered twice per week, access to our Global Bank Fines & Penalties database, free access to Boardroom Series and more!