Administrative Penalty $500.00 - Ms. Benedicta Samuels as Director of Shirley Trust Company Limited (2013-08-20)

Summary

This is a public enforcement notice from the BVI Financial Services Commission recording that an administrative penalty of $500.00 was imposed on Ms. Benedicta Samuels in her capacity as a Director of Shirley Trust Company Limited. It is a record of a completed enforcement action rather than a rule or requirement that applies going forward.

• Penalty: Administrative penalty of $500.00 imposed on Ms. Benedicta Samuels as Director of Shirley Trust Company Limited.
• 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.
• Industry type: Banking and Fiduciary Services.
• Matter ID: COM040213/048.

The notice does not itself impose any new or continuing compliance obligation on other entities; it simply publicises a past sanction against this individual and company for a recordkeeping breach under the AML/TFC Code of Practice.

Applies to

trust companies, directors of trust companies, trust and corporate services providers