You are here

Commonwealth Trust Limited

Enforcement Action
Enforcement Summary:
An administrative penalty in the total amount of $100,000.00 was imposed on Commonwealth Trust Limited for its contraventions of sections 12(a) to (d), 20(2) and 20(4)(c ) of the Anti-Money Laundering and Terrorist Financing Code of Practice, 2008 for failing to carry out money laundering and terrorist financing risk assessment and failing to carry out enhanced customer due diligence in respect of a high risk client.
Matter ID: