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Violation Tracker UK Individual Case

Company: Fides Corporate Services Limited
Company 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
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