BLENHEIM INSURANCE MANAGEMENT (BVI) LIMITED

Administrative penalties in the amount of $25,000.00 was imposed on BLENHEIM INSURANCE MANAGEMENT (BVI) LIMITED, pursuant to schedule 4 of the Anti-money Laundering and Terrorist Financing Code of Practice, 2008 (AMLTF Code), for its contravention of the following sections of the AMLTF Code, 2008:- Section 11 - Requirements to establish an internal control system. Section 14 - Responsibility of senior management. Section 48(1) - Frequency, delivery and focus of training.