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Finance, AML & Compliance, Trust

Compliance CPD Series 2021 - Session Three – Trusts in crisis – Dealing with allegations of money laundering

Course details

Start Date

22 April 2021

CPD Points

1

Cost

£45

Length

1 hour (12:30-13:30)

Course Overview

This session will guide delegates through the steps they need to take and issues they need to be aware of when allegations of money laundering are made against trust assets.

Course Content

This session will cover the following topics:

  • The role of the Trustee
  • How a Trustee should respond to allegations of money laundering in relation to trust assets
  • Best practice approach
  • Potential recovery methods
  • How to protect your client and yourself


Course Benefits

The use of trust funds to structure the wealth of private individuals and others for future generations is common practice in Guernsey. The assets which such trust funds hold can in turn be of high value or importance and can lead to disputes.

In this session we will examine the issues a trustee faces when allegations of money laundering are made in respect of the trust fund or its assets and how a trustee should approach any such allegations.

Delegates will learn what steps they should be taking in order to fulfil their fiduciary duties and their own position, potential recovery methods which could be used including unexplained wealth orders and confiscation orders.

This course will provide practical guidance on how fiduciaries can protect their clients’ interests, and their own, without getting caught in the middle.

Next Steps

If you would like to book a place on this course please click on the ‘Book Course’ button to the right of this page and login or register for a user account to complete your booking(s). Any queries please do not hesitate to contact us via [email protected] or call us on 01481 721555.

If no date is scheduled for this course at the present time please click on the ‘Register Interest’ button and login or register for a user account so that we can add you to our course interest register. This register allows us to contact our tutors and finalise dates for a course as soon as we have a few people who have expressed their interest, so the more delegates who register their interest, the sooner we can schedule a particular course.

Course Tutor

  • Christopher Edwards

    Christopher Edwards is a partner in the Guernsey Litigation and Dispute Resolution practice of Mourant. He specialises in complex commercial and trust litigation, and provides advice to a range of financial institutions and fiduciaries, particularly in multi-jurisdictional disputes.

    Christopher holds diplomas in compliance and anti-money laundering and his focus is often on regulatory and compliance matters. He regularly advises on routine and non-routine matters, including liaising with the Guernsey Financial Services commission, the police and the Financial Investigation Unit.

    Christopher also has expertise in relation to cross-order assistance in tax and money-laundering issues.

Upcoming Courses

Some courses we run are scheduled based on demand. Please ensure you register your interest to ensure we know which courses you would like to attend.