Administrative Penalty $5,000.00 - Glenn Sylvester Harrigan of CCP FINANCIAL CONSULTANTS LIMITED (2016-02-23)

Summary

This is an enforcement notice published by the BVI Financial Services Commission announcing that an administrative penalty of $5,000.00 was imposed on Glenn Sylvester Harrigan, associated with CCP Financial Consultants Limited. The penalty relates to a contravention of the Anti-Money Laundering and Terrorist Financing Code of Practice, 2008.

• Penalty: $5,000.00 administrative penalty imposed on Glenn Sylvester Harrigan of CCP Financial Consultants Limited.
• Basis: Contravention of section 19 of the Anti-Money Laundering and Terrorist Financing Code of Practice, 2008, for failing to properly engage in or undertake customer due diligence.
• Reference: Matter ID BF101113/285.

The notice is a record of a completed enforcement action rather than a document imposing new or ongoing regulatory requirements on other entities. It serves as a public alert illustrating the Commission's enforcement of customer due diligence obligations under the AML/CFT framework.

Applies to

persons engaged in relevant financial business subject to the Anti-Money Laundering and Terrorist Financing Code of Practice, 2008