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INTAC (BVI) International Investments Limited

Enforcement Action
Enforcement Action:
Enforcement Summary:
A warning letter was issued to INTAC (BVI) International Investments Limited for its contravention of the following sections of the Anti-Money Laundering and Terrorist Code of Practice, 2008: a) section 11(3)(n) for failing to incorporate anti-money laundering and terrorist financing compliance into job descriptions and performance evaluations of key staff; b) section 19(2), 19(3)(d) and 19(4) for failing to engage in customer due diligence in the required manner; and c) section 47(1)(b) for failing to employ appropriate systems and procedures of testing the awareness and understanding of the employees with respect to the training provided to them.
Matter ID: