Administrative Penalty $500.00 - Mr. Barry J. Miller as Director of Shirley Trust Company Limited (2013-08-20)

Summary

This is a public enforcement notice from the BVI Financial Services Commission recording a completed administrative penalty action. It discloses that a fixed monetary penalty was imposed on an individual director for a recordkeeping breach under AML/CFT rules; it does not itself create any new ongoing obligation.

• Who: Mr. Barry J. Miller, in his capacity as Director of Shirley Trust Company Limited
• Penalty: Administrative penalty of $500.00
• Contravention: Section 42(2) of the Anti-Money Laundering and Terrorist Financing Code of Practice, 2008, for failing to maintain records in the required form
• Matter ID: COM040213/048
• Industry type: Banking & Fiduciary Services

As a historical enforcement notice, it serves as a record of the Commission's action rather than imposing forward-looking requirements on the wider industry, though it illustrates the Commission's expectations around proper record maintenance under the AML/CFT Code of Practice.

Applies to

trust companies, directors of trust and corporate services providers