Mr Geoffrey John Trebert20th September 2022
On 15 September 2022, the Commission imposed a discretionary financial penalty of £87,500 on Geoffrey John Trebert and prohibited him from holding the position of controller, director, partner, manager, money laundering reporting officer and money laundering compliance officer for a period of two years and ten months.
The exemption set out in section 3(1)(g) of the Fiduciaries Law (which would otherwise permit Mr Trebert to act as a director of not more than six companies) has been disapplied in respect of Mr Trebert for a period of two years and ten months.
The above sanctions were imposed on Mr Trebert following his failure to meet the Minimum Criteria for Licensing as set out in Schedule 1 to The Regulation of Fiduciaries, Administration Businesses and Company Directors, etc (Bailiwick of Guernsey) Law, 2020 and Schedule 4 to The Insurance Managers and Insurance Intermediaries (Bailiwick of Guernsey) Law, 2002.
More details to follow in due course.