Aggregated News From Investment Management Regulators

Safehaven International Limited, Mr Richard John Bach, Miss Tracy Jane Ozanne, Mr David Charles Housley Whitworth, Mr Michael John Good and Mr Stephen John Dickinson

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On the 11th day of December 2020 the Commission imposed the following discretionary financial penalties:

Safehaven International Limited (the “Firm”) – £100,000

Mr Richard John Bach – £50,000

Miss Tracy Jane Ozanne – £5,000

Mr David Charles Housley Whitworth – £10,000

Mr Michael John Good – £10,000

Mr Stephen John Dickinson – £1,000 (collectively the “Individuals”)

Mr Richard John Bach was also prohibited from holding the position of controller, director, partner, manager, money laundering reporting officer, money laundering compliance officer or compliance officer of a regulated entity for a period of 6 years from the date of this publication.  The exemption set out in section 3(1)(g) of the Regulation of Fiduciaries, Administration Business and Company Directors, etc (Bailiwick of Guernsey) Law, 2000 (the “Fiduciaries Law”) (which would otherwise permit Mr Bach to act as a director of not more than six companies) has also been disapplied in respect of Mr Bach for a period of 6 years from the date of this publication.

Miss Tracy Jane Ozanne was also prohibited from holding the position of money laundering reporting officer, money laundering compliance officer or compliance officer of a regulated entity for a period of 5 years from the date of this publication.

The above sanctions were imposed on the Firm and the Individuals as a result of their failure to meet the minimum criteria for licensing as set out in Schedule 1 to the Fiduciaries Law.

More details to follow in due course

This news item was originally published by the Guernsey Financial Services Commission (GFSC GG). For more information, see the Source Link.

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