News

Guernsey FSC issue AML/fiduciary fines and bans = £155,000.00 + 10/6 year prohibitions!!!

31/03/2021

On the 31st day of March 2021, the GFSC imposed the following discretionary financial penalties:

  1. Mr Christopher Henry Shaw - £100,000
  2. Mr John Adam Robilliard - £40,000
  3. Mr Bruce David McNaught - £15,000

Also,

  • Mr Shaw was prohibited from holding the position of a regulated entity for ten years.
    • Shareholder, controller, director, partner, manager,
    • Money laundering reporting officer and money laundering compliance officer
  • Mr Robilliard was also prohibited from holding the position of a regulated entity for six years f
    • Shareholder, controller, director, partner, manager,
    • Money laundering reporting officer and money laundering compliance officer

The above sanctions were imposed on the Individuals as a result of their failure to meet the minimum criteria for licensing.

More details to follow in due course. https://www.gfsc.gg/news/mr-christopher-henry-shaw-mr-john-adam-robilliard-and-mr-bruce-david-mcnaught