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Crescent Corporate Services Limited

 
Action Date:
Thursday, 6 March, 2014
Category:
Enforcement Action:
Enforcement Summary:
An administrative penalty in the total amount of $40,000.00 was imposed on Crescent Corporate Services Limited for the following contraventions: section 12 Anti-Money Laundering and Terrorist Financing Code of Practice, 2008 by failing to carry out money laundering and terrorist financing risk assessments in respect of a high risk client, Surex Invest Limited - $20,000.00; and section 20 of the Anti-Money Laundering and Terrorist Financing Code of Practice, 2008 by failing to carry out the necessary enhanced customer due diligence measures in respect of a high risk client, Surex Invest Limited - $20,000.00.
Matter ID:
BF101113/190