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Abacus Trust and Management Services Limited

 
Enforcement Action
Industry Type:
Banking & Fiduciary Services
Enforcement Action:
Administrative Penalty $2,000.00
Enforcement Summary:
An administrative penalty in the amount of $2,000.00 was imposed on Abacus Trust and Management Services Limited for its contravention of section 22 of the Anti-Money Laundering and Terrorist Financing Code of Practice, 2008 by failing to establish the necessary enhanced customer due diligence measures in respect of politically exposed persons as required.
Licence Type:
Class I Trust and Registered Agent
Matter ID:
COM080213/133