COMPLY WITH DIRECTIVE 7 BY FRIDAY OR FACE THE CONSEQUENCES, SAYS FIC

Accountable institutions that ignore Directive 7 and fail to submit a risk and compliance return (RCR) by Friday face being sanctioned by the Financial Intelligence Centre (FIC).

Complaints lodged against BHI Trust date back six years

A formal FSCA investigation into BHI Trust in 2020 found that several financial sector laws had been contravened.

Financial Intelligence Centre ‘freezes’ BHI Trust bank account

The court-appointed joint provisional trustees of BHI Trust are urging investors and creditors to submit their claim forms timeously.