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Arias Fabrega & Fabrega Trust Co. BVI Limited

Enforcement Action
Enforcement Action:
Enforcement Summary:
An administrative penalty in the amount of $20,000.00 was imposed on Arias Fabrega Fabrega Trust Co. BVI Limited for its contraventions of the following sections of the Anti-Money Laundering and Terrorist Financing Code of Practice, 2008: a) section 19 for failing to properly engage in or undertake customer due diligence; b) section 20(2) and 20(4) for failing to engage in proper enhanced customer due diligence; and c) section 21(1) and 21(2) for failing to review and keep up to date customer due diligence information in the required manner.
Matter ID: