The Board of the Cyprus Securities and Exchange Commission (CySEC) has just informed the public that, at its meeting held on 20th November 2017, decided to impose a total administrative fine of €20.000 on the ASP Chesterfield Corporate Services Ltd for noncompliance with:
- Sections 58(a), 58(c) and 58(e) of the Prevention and Suppression of Money Laundering and Terrorist Financing Law of 2007, and
- Paragraphs 5(d) and 9(1)(d) of Directive DI 144-2007-08 of 2012 of the Securities and Exchange Commission for the Prevention of Money Laundering and Terrorist Financing of 2012.
The official announcement can be seen here.