The Guernsey Government’s Policy and Resources Committee released a consultation paper that proposes revisions to the jurisdiction’s supervisory framework.
US officials support adding Malta to global gray list, U.S. investigators track suspicious cryptocurrency payments, and more, in the midweek roundup.
Denmark drops charges against former Danske Bank managers, Lithuanian lenders escape U.S. probe into money laundering in the Baltics, and more, in the weekly roundup.
The Guernsey Financial Services Commission imposed a penalty of £87,500 on Geoffrey John Trebert and banned him from holding the position of controller, director, partner, manager, money laundering reporting officer, and money laundering compliance officer for a period of two years and ten months.
The Financial Services Commission of Guernsey imposed separate financial penalties on the Guernsey-based financial institution and five of its directors for failing to monitor and manage financial crime risks associated with its customers.