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Sucre & Sucre Trust Limited

 
Action Date:
Wednesday, 28 October, 2015
Category:
Enforcement Action:
Enforcement Summary:
An administrative penalty in the amount of $10,000.00 was imposed on Sucre Sucre Trust Limited for its contravention 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; and b) section 31(5) for failing to adequately ensure that an introducer reviews and maintains customer due diligence information as required.
Matter ID:
BF101113/287