ARAMO TRUST CO. LIMITED

An administrative penalty in the amount of $10,000.00 was imposed on ARAMO TRUST CO. LIMITED for its contravention of the following sections of the Anti-Money Laundering and Terrorist Financing Code of Practice, 2008: a) section 21(1) and (2) for failing to review and keep up to date customer due diligence information in the required manner; and b) section 42 for failing to ensure proper record keeping.