Mr Christopher Henry Shaw, Mr John Adam Robilliard and Mr Bruce David McNaught
31st March 2021On the 31st day of March 2021 the Commission imposed the following discretionary financial penalties:
Mr Christopher Henry Shaw - £100,000
Mr John Adam Robilliard - £40,000
Mr Bruce David McNaught - £15,000
(collectively "the Individuals")
In addition, Mr Shaw was prohibited from holding the position of shareholder, controller, director, partner, manager, money laundering reporting officer and money laundering compliance officer of a regulated entity for a period of 10 years.
Mr Robilliard was also prohibited from holding the position of shareholder, controller, director, partner, manager, money laundering reporting officer and money laundering compliance officer of a regulated entity for a period of 6 years.
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.