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Newhaven Corporate Services (B.V.I.) Limited

Enforcement Action
Enforcement Action:
Enforcement Summary:
An administrative penalty in the amount of $25,000.00 was imposed on Newhaven Corporate Services (B.V.I.) Limited for its contraventions of the following sections of the Anti-Money Laundering and Terrorist Financing Code of Practice, 2008: a) section 19 for failing to properly engage in or undertake customer due diligence; b) section 21(1) and 21(2) for failing to review and keep up to date customer due diligence information in the required manner; c) section 29 for failing to adopt relevant measures or additional measures or checks in non-face to face business relationships; and d) section 31(5) for failing to adequately ensure that an introducer reviews and maintains customer due diligence information as required.
Matter ID: