Enforcement Action

Enforcement Action: Warning Letter
Name of Entity: Sucre & Sucre Trust Limited
Date of Action: 19/12/2014

A warning was issued to Sucre & Sucre Trust Limited for its contraventions of the following sections of the Anti-Money Laundering and Terrorist Financing Code of Practice, 2008:

  1. section 23 for failing to establish the identity of an applicant for business or a customer with respect to a relationship or transaction; and
  2. section 30(1) for failing to ensure that the copies of due diligence documents relied upon were properly certified.