Crescent Corporate Services Limited

A warning was issued to Crescent Corporate Services Limited for its contraventions of section 13(2)(d) of the Anti-Money Laundering and Terrorist Financing Code of Practice, 2008, and sections 160(1) and 161(1) of the Regulatory Code, 2009, specifically: failure to establish, as part of its internal control system, a proper mechanism which enables it to recognize and report a transaction which raises a suspicion that the money involved may be a proceed of criminal conduct, drug trafficking or money laundering or may relate to the financing of terrorist activity contrary to section 13(2)(d) of the Anti-Money Laundering and Terrorist Financing Code of Practice, 2008; and failure to provide sufficient professional indemnity insurance contrary to sections 160(1) and 161(1) of the Regulatory Code, 2009.