STM has revealed some details of the case against Kentish.
The case dates back to November 2015 when the ultimate beneficial owner of STM’s client, of which Kentish is a director, was involved in a tax dispute between two unnamed countries for the years 2008 to 2013 over their respective rights to the taxes “correctly” paid by the owner.
STM said Kentish then filed two suspicious activity reports with STM’s money laundering reporting officer, which were sent to the Gibraltar Financial Intelligence Unit.
The GFIU had 14 days to respond regarding potential action, it said, with a lack of response indicating no action will be taken.
However, two years after the filing, Kentish was arrested.
