Warning Letter - Salamander Associates Limited (2012-02-24)

Summary

This is a public enforcement notice published by the BVI Financial Services Commission recording a warning letter issued to Salamander Associates Limited, a Class II Trust licensee. It is purely informational, disclosing a past enforcement action rather than imposing any new ongoing requirement on the wider industry.

• Entity: Salamander Associates Limited (Matter ID BF0203/020), holder of a Class II Trust licence
• Breach found: Contravention of section 71 of the Regulatory Code, 2009 by providing false and inaccurate information to the Commission when seeking approval to appoint a director
• Sanction: A warning letter was issued to the licensee

The notice does not set out any continuing compliance obligation for other firms; it simply documents the outcome of an enforcement matter against this specific licensee.

Applies to

Class II Trust licensee, Trust and Corporate Services Providers