GFSC issued another regulatory fine
On 15 September 2022, the Commission
- Imposed a discretionary financial penalty of £87,500 on Geoffrey John Trebert and
- Prohibited him from holding the position of controller, director, partner, manager, money laundering reporting officer and money laundering compliance officer for two years and ten months.
- The exemption set out in section 3(1)(g) of the Fiduciaries Law (which would otherwise permit Mr Trebert to act as a director of not more than six companies) has been disapplied in respect of Mr Trebert for two years and ten months.
Mr Trebert failed to meet
- The Minimum Criteria for Licensing as set out in Schedule 1 to The Regulation of Fiduciaries, Administration Businesses and Company Directors, etc. (Bailiwick of Guernsey) Law, 2020 and
- Schedule 4 to The Insurance Managers and Insurance Intermediaries (Bailiwick of Guernsey) Law, 2002.
More details to follow in due course.
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