Mr Aldwyn Percival Sully (R) (2012-05-16)

Summary

This is a public statement issued by the Jersey Financial Services Commission under Article 26 of the Proceeds of Crime (Supervisory Bodies) (Jersey) Law 2008, naming an individual, Mr Aldwyn Percival Sully, found to have carried on unauthorised Schedule 2 business (in his own name or via the business name Artax) since the Law came into force in 2008, in contravention of Article 10(1) of the Law.

• Finding: Mr Sully provided specified Schedule 2 business without authorisation from 19 September 2008 onward, contravening Article 10(1) of the Law.
• Cooperation: The Commission notes Mr Sully cooperated with the investigation throughout.
• Prohibition imposed: Mr Sully is prohibited from performing any accountancy function or service for, being employed by, or holding any position in, a person carrying on a regulated or supervised business, and from performing any function or service falling within the definition of Accountants under the Proceeds of Crime (Jersey) Law 1999.

This notice is informational and enforcement-related, directed at a named individual rather than at a class of regulated entities; it does not impose ongoing compliance obligations on firms generally.

Key obligations

• Mr Sully is prohibited from performing any accountancy function or service for a person carrying on a regulated or supervised business.
• Mr Sully is prohibited from engaging in any employment by, or holding any position in, a person carrying on a regulated or supervised business.
• Mr Sully is prohibited from performing any function or service falling within the definition of Accountants under Article 2 of Schedule 2 to the Proceeds of Crime (Jersey) Law 1999.

Applies to

accountants, persons carrying on regulated business or supervised business