Warning Letter - CCS Trustees Limited (2014-12-17)

Summary

This is a published enforcement notice by the British Virgin Islands Financial Services Commission recording a warning letter issued to CCS Trustees Limited. It is purely informational, disclosing a past enforcement action rather than creating new ongoing rules for the industry.

• Entity: CCS Trustees Limited (Matter ID: BF101113/214)
• Breach found: Contravention of section 30(1) of the Anti-Money Laundering and Terrorist Financing Code of Practice, 2008
• Nature of breach: Failure to ensure that copies of due diligence documents relied upon were properly certified
• Sanction: A warning letter was issued to the entity

The notice itself does not impose new continuing obligations on the reader; it serves as a public record that the underlying AML/CFT Code of Practice requirement, to ensure due diligence document copies are properly certified, was found to have been breached and resulted in a warning.

Applies to

Trust and Corporate Services Providers (TCSPs), trustees