[2025]GCA065 - HM Comptroller v Fidelity Management Ltd and Royal Bank of Canada (CI) Ltd - 21 - August - 2025

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The Guernsey Court of Appeal allowed HMC’s appeal, ruling that the forfeiture regime under section 13(2) of the 2007 Law places the burden on the account holder to prove funds are not proceeds of unlawful conduct. The Lieutenant Bailiff’s reliance on IRS conclusions and misapplication of the burden of proof warranted appellate intervention.