Miss Tracey Jane Ozanne (Date of Birth 22 June 1967) of 15 Oldwood Court, New Paris Road, St Peter Port, Guernsey, GY1 2BR (2020-12-11)

Summary

This is a personal enforcement notice issued by the Guernsey Financial Services Commission (GFSC) against Miss Tracey Jane Ozanne. It records a set of prohibition orders barring her from performing certain compliance related roles across multiple regulated sectors in the Bailiwick of Guernsey for a five year period.

• Duration: All prohibitions run from 11 December 2020 until 11 December 2025.
• Fiduciary sector: Barred from acting as money laundering reporting officer, money laundering compliance officer or compliance officer for a licensed fiduciary under the Regulation of Fiduciaries, Administration Business and Company Directors, etc (Bailiwick of Guernsey) Law, 2000.
• Investment business: Barred from the same functions in relation to controlled investment business under the Protection of Investors (Bailiwick of Guernsey) Law, 1987.
• Insurance managers and intermediaries: Barred from the same functions in relation to insurance manager or insurance intermediary business under the Insurance Managers and Insurance Intermediaries (Bailiwick of Guernsey) Law, 2002.
• Insurance business: Barred from the same functions in relation to licensed insurance business under the Insurance Business (Bailiwick of Guernsey) Law, 2002.
• Banking: Barred from the same functions in relation to deposit-taking business under the Banking Supervision (Bailiwick of Guernsey) Law, 1994.

The notice is directed at a named individual rather than imposing new general rules; regulated entities engaging her in any of these compliance related capacities during the prohibition period would be in breach of the relevant laws.

Key obligations

• Miss Ozanne must not perform the functions of money laundering reporting officer, money laundering compliance officer or compliance officer for a licensed fiduciary, controlled investment business, insurance manager or intermediary, insurance business, or deposit-taking business between 11 December 2020 and 11 December 2025.
• Licensed fiduciaries, licensed investment businesses, insurance managers and intermediaries, insurance businesses, and banking institutions must not allow Miss Ozanne to act in these prohibited functions during the prohibition period.

Applies to

licensed fiduciaries, entities licensed under the Protection of Investors Law (controlled investment business), insurance managers and insurance intermediaries, licensed insurance businesses, licensed banking institutions

Deadlines

• 11 December 2020 until 11 December 2025: Period during which Miss Ozanne is prohibited from performing MLRO, MLCO or compliance officer functions across the specified regulated sectors.