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Guernsey bans two for money laundering

Chris Hamblin, Editor, London, 18 August 2017

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The Royal Court of Guernsey, with the help of the Guernsey Financial Services Authority, has banned two people who did regulated business from being directors.

On 3 May 2017, the Guernsey Financial Services Commission applied to the Royal Court under section 427 Companies (Guernsey) Law 2008 to seek disqualification orders against both Mr and Mrs Doyle from acting as a director of any Guernsey company.

On 16 August 2017, the Bailiff handed down his judgment in which he disqualified both Mr Michael Doyle, 49, and Mrs Belinda Doyle, 57, from acting as company directors for a period of 15 years each, ending on 3 May 2032.

In support of the disqualification application, the JFSC relied upon the husband's and wife's criminal convictions. On 7 September 2015, the Royal Court had sentenced them a total of 7½ years' imprisonment for Mr Doyle and 3½ years' imprisonment for Mrs Doyle.

Mr Doyle was convicted of money laundering; acquiring, possessing and using the proceeds of crime; converting the proceeds of criminal conduct; and conducting regulated business activities from within the Bailiwick without a licence, contrary to sections 1 and 2(1)(b) Regulation of Fiduciaries, Administration Businesses and Company Directors, etc. (Bailiwick of Guernsey) Law, 2000; and perverting the course of justice.

Mrs Doyle was convicted of acquiring, possessing and using the proceeds of crime; converting the proceeds of criminal conduct; conducting regulated business activities from within the Bailiwick without a licence, contrary to sections 1 and 2(1)(b) Regulation of Fiduciaries, Administration Businesses and Company Directors, etc. (Bailiwick of Guernsey) Law, 2000; and perverting the course of justice.

As explained by the Royal Court, their past conduct demonstrated a lack of probity, competence and soundness of judgment for fulling the responsibilities of an officer of a company; they also conducted regulated business activities within the Bailiwick without a licence.

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