Administrative Penalty $500.00 - Mr. Ernesto F. Shirley as Director of Shirley Trust Company Limited (2013-08-20)

Summary

This is a public enforcement notice from the BVI Financial Services Commission recording an administrative penalty of $500.00 imposed on Mr. Ernesto F. Shirley in his capacity as Director of Shirley Trust Company Limited. It is a historical record of a completed enforcement action rather than a document imposing ongoing obligations on the wider industry.

• Contravention: Failure to maintain records in the required form, in breach of section 42(2) of the Anti-Money Laundering and Terrorist Financing Code of Practice, 2008.
• Penalty: Administrative penalty of $500.00 imposed on the named director.
• Matter reference: Matter ID COM040213/048, Industry Type Banking and Fiduciary Services.

The notice serves as a transparency record published by the Commission's Enforcement division and does not itself create new continuing compliance requirements for other regulated entities.

Applies to

trust companies, directors of trust companies, banking and fiduciary services providers