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

Summary

This is an enforcement notice published by the BVI Financial Services Commission announcing an administrative penalty against Mr. Luis A. Shirley in his capacity as Director of Shirley Trust Company Limited. It is a public record of a completed enforcement action rather than a document that creates ongoing obligations for other parties.

• Penalty: A $500.00 administrative penalty was imposed on Mr. Luis A. Shirley.
• Basis: The penalty was for contravention of section 42(2) of the Anti-Money Laundering and Terrorist Financing Code of Practice, 2008, by failing to maintain records in the required form.
• Reference: Matter ID COM040213/048; industry type listed as Banking and Fiduciary Services.

The notice serves as a public disclosure of the enforcement outcome and does not itself impose any new requirements on other regulated entities or the wider industry beyond the individual sanctioned.

Applies to

Trust companies, Directors of trust companies, Fiduciary services providers