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Guernsey firm fined £100k for poor controls on ‘risky’ individuals

According to the Guernsey Financial Services Commission (GFSC), Safehaven jeopardised the island’s reputation. The financial regulator visited Safehaven’s offices in October 2016 to assess the effectiveness of its policies and procedures when filtering out and identifying illegal and high-risk activity. Breaches of compliance regulation were discovered in at least nine files. Pictured: Safehaven had a […]

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