Ahli United Bank (UK) plc Guernsey Branch

Business Focus
international banking

On 30 October 2014 the Guernsey Financial Services Commission decided to impose a financial penalty of £70,000 on Ahli United Bank (UK) Plc, Guernsey Branch. The Commission considered it reasonable and necessary to make these decisions having concluded that the bank had failed to ensure that the outsourced compliance arrangements which were applied to its business were appropriate and effective to mitigate the financial crime risks to which the business could be exposed.

On 20 April 2015 Ahli United Bank (UK) Plc gave a notice to its customers of its intention to close its Guernsey Branch effective 21 May 2015.

Bank Category

Branches of foreign banks

Deposit Guarantee

Protected Amount
up to 50,000 GBP
Guarantee Fund
Guernsey Banking Deposit Compensation Scheme
Covered Depositors
natural persons (residents of Guernsey)
natural persons (non-residents of Guernsey)
Covered Accounts
all deposit accounts

Ahli United Bank (UK) plc Guernsey Branch participates in the deposit guarantee scheme of Guernsey. This deposit guarantee scheme applies to all deposit accounts made by natural persons (residents of Guernsey), natural persons (non-residents of Guernsey) and covers up to up to 50,000 GBP per bank per depositor. Ahli United Bank (UK) plc Guernsey Branch is a member of Guernsey Banking Deposit Compensation Scheme and makes its contributions into it.

Contacts

Regency Court, Glategny Esplanade, GY1 3XX, St Peter Port, Guernsey
686

Ahli United Bank (UK) plc Guernsey Branch was located in St Peter Port.

Bank Supervision

Supervised By
Guernsey Financial Services Commission

Ahli United Bank (UK) plc Guernsey Branch was authorized and supervised by the Guernsey Financial Services Commission.

Bank History

Close Date
21 May 2015