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FSC revokes Taysun’s Management License

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The Financial Services Commission has revoked the Management License and the Approval of Taysun Corporate Services Ltd to act as Captive Insurance Agent.

Taysun Corporate Services Ltd was granted a Management Licence on 01 March 2010 and was approved as a Captive Insurance Agent on 21 November 2016.

The Enforcement Committee of the FSC said the company has committed breaches of the FSA, the Financial Intelligence and Anti-Money Laundering Act 2002, the Financial Intelligence and Anti-Money Laundering Regulations 2018 and the United Nations (Financial Prohibitions,
Arms Embargo and Travel Ban) Sanctions Act 2019.

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