Basic Search  |  Summaries  |  Advanced SearchCompany County: Guernsey
Company Nation/Region: British Crown Dependency
Penalty: £455,000
Year: 2024
Date: 19 July, 2024
Offence Group: financial offences
Offence Type: anti-money-laundering deficiencies
Violation Description: The Guernsey Financial Services Commission decided to impose a financial penalty of £455,000 on Equiom in a finding that the company had failed to have a an effective board of directors to run the company effectively, and failed to have staff of adequate number, skills, knowledge and experience to have effective policies, procedures and controls to manage and review and monitor the money laundering and terrorist financing risk of its significant number of high-risk clients.
Settlement Type: Settlement with GFSC
Agency: Guernsey Financial Services Commission
Source of Data: (click here)