November 11 2016
Enforcement Action: Administrative Penalty $440,000.00
Name of Entity: MOSSACK FONSECA & CO (B.V.I.) LTD.
Date of Action: 11/11/2016
An administrative penalty in the total amount of $440,000.00 was imposed on MOSSACK FONSECA & CO (B.V.I.) LTD. for its contravention of sections 11, 12, 19(2), 19(4), 19(5), 20, 21(1), 21(2), 31, and 43(2) of the Anti-Money Laundering and Terrorist Financing Code of Practice, 2008 and sections 43(2)(c), 43(3)(a), 43(3)(c) and 45(1)(a) of the Regulatory Code, 2009.