Administrative Penalty $20,000.00 - Amicorp B.V.I. Limited (2015-02-25)

Summary

This is an enforcement notice published by the British Virgin Islands Financial Services Commission announcing that it imposed an administrative penalty of $20,000.00 on Amicorp B.V.I. Limited for breaches of the Anti-Money Laundering and Terrorist Financing Code of Practice, 2008.

• Sections 20(2) and 20(4): Failing to engage in proper enhanced customer due diligence.
• Sections 21(1) and 21(2): Failing to review and keep up to date customer due diligence information in the required manner.
• Section 31(5): Failing to adequately ensure that an introducer reviews and maintains customer due diligence information as required.

The notice is purely informational, recording a completed enforcement action (Matter ID: BF101113/249) rather than imposing any new ongoing obligation on the wider industry. It serves as a public record that the named entity contravened specific AML/CFT customer due diligence provisions.

Applies to

Amicorp B.V.I. Limited (trust and corporate services provider)