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

Mark Battersby
clock • 1 min read

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...

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Mark Battersby
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Mark Battersby

Editor at International Investment