Mr William Stephen Cairns (date of Birth 15 January 1949) of Key West, Doyle Road, St Peter Port Guernsey GY1 1RG (2023-02-03)

Summary

This is a public enforcement notice issued by the Guernsey Financial Services Commission (GFSC) recording a prohibition order made against an individual, Mr William Stephen Cairns, under section 33 of the Financial Services Business (Enforcement Powers) (Bailiwick of Guernsey) Law, 2020. It does not create general rules for the industry; it records a specific enforcement action against a named person.

• Who: Mr William Stephen Cairns (born 15 January 1949) of Key West, Doyle Road, St Peter Port, Guernsey.
• Prohibited functions: Acting as controller, director, money laundering reporting officer (MLRO) or money laundering compliance officer (MLCO).
• Period: From 2 February 2023 until 2 July 2033.

Guernsey financial services businesses should note this prohibition when considering appointments, as they cannot lawfully place Mr Cairns in any of the listed controlled functions during the stated period.

Key obligations

• Financial services businesses in the Bailiwick of Guernsey must not appoint or permit Mr William Stephen Cairns to act as controller, director, money laundering reporting officer or money laundering compliance officer between 2 February 2023 and 2 July 2033.

Applies to

financial services businesses regulated in the Bailiwick of Guernsey

Deadlines

• 2 February 2023 to 2 July 2033: Period during which Mr Cairns is prohibited from acting as controller, director, MLRO or MLCO.