Basic Search  |  Summaries  |  Advanced SearchCompany County: Guernsey
Company Nation/Region: British Crown Dependency
Penalty: £140,000
Year: 2024
Date: 28 February, 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 £140,000 on Fides in a finding that the company breached its fiduciary duties, including failures to do due diligence on customers, monitor activity, and ensure compliance with anti-money laundering and terrorist financing regulations.
Agency: Guernsey Financial Services Commission
Source of Data: (click here)