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Caledonian Fund Services (BVI) Ltd.

 
Action Date:
Monday, 15 December, 2014
Category:
Enforcement Action:
Enforcement Summary:
A warning was issued to Caledonian Fund Services (BVI) Ltd. for its contraventions of: section 13(2)(d) of the Anti-Money Laundering and Terrorist Financing Code of Practice, 2008, for failing to put in place a mechanism to recognise and report a suspicious transaction; section 42(2) of the Anti-Money Laundering and Terrorist Financing Code of Practice, 2008, for failing to ensure that records are maintained in a form that can be easily retrievable; section 34(3) of the Financial Services Commission Act, 2001, for failing to appoint a compliance officer; and section 27 of the Regulatory Code 2009, for failing to establish a Business Continuity and Disaster Recovery plan.
Matter ID:
BF101113/211