Guernsey regulator fines Vida Financial Services and bans director

Pedro Gonçalves
clock • 1 min read

Vida Financial Services has been fined £30,000 for a series of failings while its director has been slapped with a £20,000 and banned by the Guernsey Financial Services Commission. "An on-site visit was conducted by the GFSC in December 2016, which identified a number of concerns," the regulator said in its ruling. The regulator found failings in relation to competence, experience, soundness of judgement, diligence, knowledge and understanding of the applicable legal and professional obligations, prudence, integrity and professional skill. Further failings related to compliance wit...

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