Standard Chartered closes Guernsey trust business

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Standard Chartered confirmed today that its Guernsey trust business has been liquidated following at the bank's request. In a statement on its website Standard Chartered confirmed today that the royal court of Guernsey liquedated the UK bank's trust business on 19 May. The Guernsey Financial Services Commission fined Standard Chartered's Guernsey arm £140,000 for what the Guernsey FSC described as "a result of historical failures to meet the minimum criteria for licensing in respect of Schedule 1 of the Regulation of Fiduciaries, Administration Businesses and Company Directors, (Baili...

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Author spotlight

Christopher Copper-Ind

Christopher Copper-Ind is editor-in-chief of International Investment. Before this, he was editorial director of The Business Year, from 2014 to 2017.