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Commence Overseas Limited

Enforcement Action
Enforcement Action:
Enforcement Summary:
An administrative penalty in the amount of $15,000.00 was imposed on Commence Overseas Limited for its contravention of the following sections of the Anti-Money Laundering and Terrorist Financing Code of Practice, 2008: a) section 20 for failing to engage in proper enhanced customer due diligence; and b) section 21 for failing to review and keep up-to-date customer due diligence information in the required manner.
Matter ID: