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Amicorp B.V.I. Limited

Enforcement Action
Enforcement Action:
Enforcement Summary:
An administrative penalty in the amount of $20,000.00 was imposed on Amicorp B.V.I. Limited for its contraventions of the following sections of the Anti-Money Laundering and Terrorist Financing Code of Practice, 2008: a) section 20(2) and 20(4) for failing to engage in proper enhanced customer due diligence; b) section 21(1) and 21(2) for failing to review and keep up to date customer due diligence information in the required manner; and c) section 31(5) for failing to adequately ensure that an introducer reviews and maintains customer due diligence information as required.
Matter ID: