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11th June 2020 - The GFSC STRIKE AGAIN - £70K Fines


On the 8th day of June 2020, the Commission has imposed discretionary financial penalties on the following parties:-

• £42,000 on Global Insurance Group Limited;
• £17,500 on Christopher Schofield; and
• £10,500 on Andrew William Robert

As a result of failures to meet the Minimum Criteria for Licensing in respect of Schedule 7 of The Insurance Business (Bailiwick of Guernsey) Law, 2002.

More details to follow in due course.