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ILS Fiduciary (BVI) Limited

 
Action Date:
Monday, 30 November, 2015
Category:
Enforcement Action:
Enforcement Summary:
An administrative penalty in the amount of $25,000.00 was imposed on ILS Fiduciary (BVI) Limited for its contravention of the following sections of the Anti-Money Laundering and Terrorist Financing Code of Practice, 2008: a) section 19(2) for failing to properly engage in or undertake customer due diligence; b) section 20 for failing to engage in proper enhanced customer due diligence; and c) section 21 for failing to review and keep up-to-date customer due diligence information in the required manner.
Matter ID:
BF101113/292