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.
ADMINISTERED BANK
Meaning of ADMINISTERED BANK in English
UNODC Money-Laundering terms English dictionary. Английский словарь терминов управления ООН по отмыванию денег, преступности и наркотикам. 2012