AML "No Consent": Suspicion and Provenance Challenges
[Dynamic date]
20 June 2018
Liang v RBC Trustees (Guernsey) Limited 20/2018 is the first Court consideration of a private law claim made for refusal to transfer assets due to an AML "no consent". The Court confirmed useful principles and gave an indication of how an aggrieved party may seek to make a case to have their assets released.
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Mourant is a law firm-led, professional services business with over 60 years' experience in the financial services sector. We advise on the laws of the British Virgin Islands, the Cayman Islands, Guernsey, Jersey and Luxembourg and provide specialist entity management, governance, regulatory and consulting services.
