NEWS: ‘We had a few bankers who were crooks’ ex-Julius Baer chief Collardi; claims all ‘dirty money’ now going to Dubai, Middle East

Regulatory Watch News

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  PRA takes action against a former Notified Non-Executive Director of Wyelands Bank Plc for breaches of the PRA’s Individual Conduct Rule 2

  Prudential Regulatory Authority

  April 2, 2025

  The Prudential Regulation Authority (PRA) has fined Mr George Jay Hambro, a former notified non-executive director (Notified NED) of Wyelands Bank Plc (Wyelands), £72,000 for breaching PRA Individual Conduct Rule 2 in relation to three matters. This rule states that ‘You must act with due skill, care and diligence.’ Mr Hambro’s conduct between 3 July 2017 and 19 February 2020 fell below the standards expected of a person in his position in an authorised firm and demonstrated a serious lack of due skill, care and diligence in relation to: the recognition of capital, large exposures assessments, and Wyelands’ internal policy (its Engagement Policy) to manage potential risks of conflicts of interest between Wyelands and the wider GFG Alliance (GFG).

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  Update to the UK Sanctions List: Global Anti-Corruption Regime

  OFSI

  April 2, 2025

  Today, 2 April, The UK Government has Sanctioned 12 individuals and 1 entity under the Global Anti-Corruption Sanctions Regime. This package targets cronies used by corrupt leaders to undermine democracy and the rule of law in Guatemala, Moldova and Georgia. The following individuals and entity have been sanctioned:

  Name	OFSI Group ID	Unique ID
  Alejandro Eduardo Giammattei Falla	16838	GAC0064
  Angel Arnoldo Pineda Avila	16839	GAC0065
  Cinthia Edelmira Monterroso Gomez	16840	GAC0066
  Maria Consuelo Porras Argueta de Porres	16841	GAC0067
  Jose Rafael Curruchiche Cucul	16842	GAC0068
  Melvin Ernesto Quijivix Vega	16843	GAC0069
  Luis Miguel Martinez Morales	16844	GAC0070
  Evrazia	16846	GAC0072
  Natalia Parasca	16847	GAC0073
  Nelli Alekseyevna Parutenko	16848	GAC0074
  Marina Tauber	16849	GAC0075
  Levan Murusidze	16850	GAC0076
  Mikheil Chinchaladze	16851	GAC0077

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  Fine for trust office Amicorp for insufficient customer due diligence

  DNB

  April 2, 2025

  De Nederlandsche Bank (DNB) imposed an administrative fine of €530.450,- on trust office Amicorp Netherlands B.V. (Amicorp) on 25 March 2025. The fine was imposed because the customer due diligence carried out by Amicorp did not meet the legal requirements.Trust offices may not enter into a business relationship or provide a trust service until customer due diligence has been carried out that meets the legal requirements as set out in the Act on the Supervision of Trust Offices 2018 .