Thomas Haider, former chief compliance officer at Moneygram, won’t be on anyone’s AML Compliance payroll for the next three years—and his wallet is also a quarter-million dollars lighter. The terms of Haider’s settlement with FinCEN were announced yesterday. In a case closely watched by the Compliance industry, FinCEN announced yesterday that Thomas Haider has agreed […]

The Guernsey Commission have concluded that Marlborough Trust Company Limited, Marlborough Nominees Limited [MTCL/MNL] and the Directors’ [Mr Nicholas Robert Hannah, Mr Adrian Bradley Howe, Mr David Charles Enevoldsen, Mr Benjamin John Tustin] management and administration of asset holding companies (“the SPVs”) wholly owned by a Guernsey closed ended investment fund, Arch Guernsey ICC Limited […]

An approved Financial Adviser has been charged £290,344 and banned from giving financial advice after recommending a number of complex and high risk products to clients who were on low incomes and with no evident investment experience. In some cases it was found that the financial adviser had invested in unregulated products without the client’s […]

Peter Carron, a former financial adviser at St James’s Place Wealth Management, has been fined £300,000 and banned for conduct that breached Principle 1 of the statements of principle for approved persons. Mr Carron advised 11 clients to invest £2.4 million in three companies of which he was a director and majority shareholder and failed […]