Enforcement Action

Enforcement Action: Warning Letter
Name of Entity: DANTRUST LIMITED
Date of Action: 7/16/2015

A warning was issued to DANTRUST LIMITED for its contraventions:

a)      section 45(1)(a) and 45(2) of the Regulatory Code, 2009 (“Reg. Code”) for failing to at all times have an approved Compliance Officer;

b)      section 10 of the Company Management Act, 1990 and section 158(1) of the Reg. Code for failing to maintain the minimum capital resource requirement applicable to a licensed company manager; and

c)       regulation 13(1) of the Anti-Money Laundering Regulations, 2008 for failing to appoint from within its staff a Money Laundering Reporting Officer who shall be a person with sufficient seniority within the entity.