Ex-Standard Chartered Guernsey CEO fails to overturn fine and ban

Two former Standard Chartered Trust (Guernsey) employees have been fined and one banned from holding senior positions for four years by the Guernsey Financial Services Commission. In a statement on 18 May, the island's regulator said the case centred on how the firm failed to identify, manage and oversee the risks in relation to the outwards transfer and/or termination of $1.4bn in client assets,  Trevor Kelham, who was chief executive officer and managing director, got fined £45,000 and banned for four years. Sarah Sarre, who was at different times the Head of Compliance and Money...