Enforcement Action

Enforcement Action: Administrative Penalty $20,000.00
Name of Entity: Osiris International Trustees Limited
Date of Action: 6/12/2015

An administrative penalty in the amount of $20,000.00 was imposed on Osiris International Trustees Limited for its contraventions of 11(1) of the Anti-Money Laundering and Terrorist Financing Code of Practice, 2008 (“AMLTF Code”) by failing to establish and maintain a written and effective system of internal controls which provides appropriate policies, processes and procedures for forestalling and preventing money laundering and terrorist financing.