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.