Meaning of ADMINISTERED BANK in English
- ADMINISTERED BANK
A term used to describe a bank without a full stand-alone presence in Guernsey. An administered bank differs from a class "B" or managed bank by requirement that its books and records must be maintained in Guernsey where they are locally audited.
UNODC Money-Laundering terms English dictionary. Английский словарь терминов управления ООН по отмыванию денег, преступности и наркотикам. 2012