Capital International fined UK£119,596 for PEP control failings on Isle of Man

Asset manager Capital International Ltd has been issued with a civil penalty of £119,596 (US$160,164) by the Isle of Man Financial Services Authority after an inspection, part of a foreign politically exposed persons thematic project, in April 2022, found inadequacies in its anti-money laundering/counter financing of terrorism procedures and controls.

Asset manager Capital International Ltd (CIL) has been issued with a civil penalty of £119,596(US$160,164) by the Isle of Man Financial Services Authority (FSA) after an inspection, part of a foreign politically exposed persons (FPEPs) thematic project, in April 2022, found inadequacies in its anti-money laundering/counter financing of terrorism procedures and controls.