Jersey: When Failing To Submit A Suspicious Activity Report Can Result In Criminal Prosecution: Lessons From AG -v- STM Fiduciaire Limited And Michelle Jardine
Last Updated: 7 July 2015

In the first prosecution of its kind in Jersey, the Royal Court has acquitted Michelle Jardine (represented by Advocate Nuno Santos-Costa, Collas Crill) and STM Fiduciaire Limited ("STM") (represented by Advocate David Steenson, Steenson's) of charges under the Proceeds of Crime (Jersey) Law 1999 (POCA). 

This is the first time anyone has faced a criminal prosecution for failing to file a Suspicious Activity Report as opposed to facing civil regulatory sanctions.

Whilst the result of this trial should give a measure of comfort to financial institutions, MLROs and directors of companies alike, it also highlights the importance of these roles in assessing risk and combatting cross-border crimes such as money-laundering.  The offences carry with them penalties of up to 5 years imprisonment.

Advocate Nuno Santos-Costa and Advocate David Steenson have joined together to provide an opportunity for you to hear the details of this case and how this will set a precedent going forward.

The seminar will cover:

  • The facts of the case
  • The defence
  • The lessons learnt and the AML procedures to be followed
  • Q&As 

Details are:

Where: The Liberation Suite at the Pomme D'or Hotel

When: Wednesday 15 July 2015

Time: Registration from 12:15pm for a 12:30pm start. Close by 1:30pm (working lunch will be provided).

Click here to read more about this case: Collas Crill wins first prosecution of its kind in Jersey

For further information or to reserve your space at this free seminar please email

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