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Aki Corsoni-Husain
Aki Corsoni-Husain
  • Aki Corsoni-Husain

  • Partner
  • Cyprus
George Apostolou
George Apostolou
  • George Apostolou

  • Partner
  • Cyprus
Chiara Deceglie
Chiara Deceglie
  • Chiara Deceglie

  • Partner
  • Luxembourg
Massimiliano della Zonca
Massimiliano della Zonca
  • Massimiliano della Zonca

  • Senior Associate
  • Luxembourg
Philip Graham
Philip Graham
  • Philip Graham

  • Partner
  • British Virgin Islands
Ayana Hull
Ayana Hull
  • Ayana Hull

  • Counsel
  • British Virgin Islands
Katerina Katsiami
Katerina Katsiami
  • Katerina Katsiami

  • Associate
  • Cyprus
Petros Kiteos
Petros Kiteos
  • Petros Kiteos

  • Associate
  • Cyprus
Andrew Knight
Andrew Knight
  • Andrew Knight

  • Partner
  • Luxembourg
Joshua Mangeot
Joshua Mangeot
  • Joshua Mangeot

  • Counsel
  • British Virgin Islands
Mirza Manraj
Mirza Manraj
  • Mirza Manraj

  • Counsel
  • Hong Kong
Elina Mantrali
Mirza Manraj
  • Elina Mantrali

  • Associate
  • Cyprus
Vanessa Molloy
Vanessa Molloy
  • Vanessa Molloy

  • Partner
  • Luxembourg
Andrea Moundi Savvides
Andrea Moundi Savvides
  • Andrea Moundi Savvides

  • Consultant
  • Cyprus
Marina Stavrou
Marina Stavrou
  • Marina Stavrou

  • Associate
  • Cyprus
Matt Taber
Matt Taber
  • Matt Taber

  • Partner
  • Cayman Islands
Carolynn Vivian
Carolynn Vivian
  • Carolynn Vivian

  • Senior Associate
  • Cayman Islands

Anguilla regulator issues notice in relation to the provision of directorship services

On 28 July 2020, the Anguilla Financial Services Commission (AFSC) wrote to senior management of trust and corporate service providers emphasising the importance of the provision of directorship services in line with the Standard on the regulation of Trust and Corporate Service Providers (the Standard) issued by the Group of International Financial Centre Supervisors in 2014. The Standard has become an international benchmark for oversight of the sector.

The AFSC highlights that it expects senior management of licensees, and particularly its board of directors, to recognise that certain directorship roles can require more time and expertise towards carrying out an effective appointment. The statement underscores that where a corporate director is used, that there is appropriate skill to the activities being carried out by the underlying client. The use of corporate directors must also be supported by agreements which must be signed and dated setting out the reason for establishing the arrangement and detailing whether services are provided for a fee or are unremunerated.

The notice from the AFSC can be found here.