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Crescent Corporate Services Limited

 
Action Date:
Saturday, 4 January, 2014
Category:
Enforcement Action:
Enforcement Summary:
A warning was issued to Crescent Corporate Services Limited for its contraventions of section 13(2)(d) of the Anti-Money Laundering and Terrorist Financing Code of Practice, 2008, and sections 160(1) and 161(1) of the Regulatory Code, 2009, specifically: failure to establish, as part of its internal control system, a proper mechanism which enables it to recognize and report a transaction which raises a suspicion that the money involved may be a proceed of criminal conduct, drug trafficking or money laundering or may relate to the financing of terrorist activity contrary to section 13(2)(d) of the Anti-Money Laundering and Terrorist Financing Code of Practice, 2008; and failure to provide sufficient professional indemnity insurance contrary to sections 160(1) and 161(1) of the Regulatory Code, 2009.
Matter ID:
BF101113/202