Directive - ARAMO CORPORATE SERVICES INC. (2017-02-15)

Summary

This is an enforcement Directive issued by the British Virgin Islands Financial Services Commission against ARAMO CORPORATE SERVICES INC. under section 40(1) of the Financial Services Commission Act, 2001. It orders the company to remedy specific anti-money laundering compliance failures by a fixed deadline and to confirm this in writing to the Commission.

• Compliance requirement: ARAMO CORPORATE SERVICES INC. must fully comply, by close of business on Friday 31 March 2017, with regulation 7(2)(b) of the Anti-Money Laundering Regulations, 2008 and paragraph 2 of the Anti-Money Laundering (Amendment) Regulations, 2015.
• Written confirmation: The company must provide written confirmation to the Commission, on or before 31 March 2017, that it has fully complied with these AML requirements.
• Reference: The matter is recorded under Matter ID: BF101113/361.

This directive is specific to ARAMO CORPORATE SERVICES INC. and does not alter general regulatory requirements applicable to other regulated entities.

Key obligations

• ARAMO CORPORATE SERVICES INC. must fully comply with regulation 7(2)(b) of the Anti-Money Laundering Regulations, 2008 and paragraph 2 of the Anti-Money Laundering (Amendment) Regulations, 2015 by close of business on Friday 31 March 2017.
• ARAMO CORPORATE SERVICES INC. must provide written confirmation of compliance to the Commission on or before 31 March 2017.

Applies to

ARAMO CORPORATE SERVICES INC. (a corporate services provider/DNFBP)

Deadlines

• 31 March 2017 (close of business): Deadline for ARAMO CORPORATE SERVICES INC. to fully comply with regulation 7(2)(b) of the AML Regulations, 2008 and paragraph 2 of the AML (Amendment) Regulations, 2015.
• on or before 31 March 2017: Deadline for ARAMO CORPORATE SERVICES INC. to provide written confirmation of compliance to the Commission.