Administrative Penalty $20,500.00 - Mossack Fonseca & Co. (BVI) Ltd. (2012-12-10)

Summary

This is a BVI Financial Services Commission enforcement notice recording that an administrative penalty of $20,500.00 was imposed on Mossack Fonseca & Co. (BVI) Ltd, a Class I Trust licensee, for breaches of the Anti-Money Laundering and Terrorist Financing Code of Practice, 2008.

• Entity penalised: Mossack Fonseca & Co. (BVI) Ltd, Class I Trust licensee (Matter ID: COM0803/116)
• Penalty amount: $20,500.00 administrative penalty
• Contraventions cited: Sections 11, 12, 14, 19(2), 20, 21, 29(2), 31(2), 31(5), and 42(2) of the Anti-Money Laundering and Terrorist Financing Code of Practice, 2008
• Industry type: Banking & Fiduciary Services

This is a historical public disclosure of a completed enforcement action rather than a document that itself imposes ongoing obligations on other firms; it serves as a record and public alert regarding this specific licensee's past AML/CFT Code breaches.

Applies to

Trust companies (Class I Trust licensees), Banking & Fiduciary Services providers