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JTC (BVI) Limited

Enforcement Action
Enforcement Action:
Enforcement Summary:
An administrative penalty in the amount of $15,000.00 was imposed on JTC (BVI) Limited for its contravention of the following sections of the Anti-Money Laundering and Terrorist Financing Code of Practice, 2008: a) sections 19, 24 and 25 for failing to properly engage in or undertake customer due diligence; b) sections 21(2) and 23(1) for failing to review and keep up to date customer due diligence information in the required manner; and c) section 31 for failing to adequately ensure that an introducer reviews and maintains customer due diligence information as required.
Matter ID: