Is Jersey 2018 $23.3 million money laundering case connected to SG Hambros Bank £719,451.21 fine?
16/02/2021
Following today's JFSC civil financial penalties totalling £719,451.21 against three SG Kleinwort Hambros firms, JFSC Director General, Martin Moloney has said
- "There is no evidence the three SGKH firms facilitated financial crime".
In light of the above, I am reminded about a money laundering case from 2018
A SOUTH African fishing magnate who made a fortune selling illegally caught lobster held hi millions of pounds held at SSG Hambros Bank (Channel Islands) Limited in Jersey.
Around $23.3 million of Mr Bengis' money was 'held by three companies with SG Hambros Bank (Channel Islands) Limited in Jersey' according to a judgment issued by the Royal Court setting out its reasons for rejecting the appeal.
In 2018 the Jersey Royal Court has decided to maintain a freeze on the assets of Arnold Bengis, who admitted his involvement in a conspiracy to land huge amounts of the prized shellfish in excess of permitted quotas between 1999 until 2001.
https://jerseyeveningpost.com/news/2018/04/22/freeze-on-illegal-lobster-magnates-multi-millions/
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As well as owning and publishing Comsure's copyrighted works, Comsure wishes to use the copyright-protected works of others. To do so, Comsure is applying for exemptions in the UK copyright law. There are certain very specific situations where Comsure is permitted to do so without seeking permission from the owner. These exemptions are in the copyright sections of the Copyright, Designs and Patents Act 1988 (as amended)[www.gov.UK/government/publications/copyright-acts-and-related-laws]. Many situations allow for Comsure to apply for exemptions. These include 1] Non-commercial research and private study, 2] Criticism, review and reporting of current events, 3] the copying of works in any medium as long as the use is to illustrate a point. 4] no posting is for commercial purposes [payment]. (for a full list of exemptions, please read here www.gov.uk/guidance/exceptions-to-copyright]. Concerning the exceptions, Comsure will acknowledge the work of the source author by providing a link to the source material. Comsure claims no ownership of non-Comsure content. The non-Comsure articles posted on the Comsure website are deemed important, relevant, and newsworthy to a Comsure audience (e.g. regulated financial services and professional firms [DNFSBs]). Comsure does not wish to take any credit for the publication, and the publication can be read in full in its original form if you click the articles link that always accompanies the news item. Also, Comsure does not seek any payment for highlighting these important articles. If you want any article removed, Comsure will automatically do so on a reasonable request if you email info@comsuregroup.com.