Patrick Moroney, £35k Fine, 8-Year Prohibition Order
About this source
GovPing monitors Guernsey GFSC News for new banking & finance regulatory changes. Every update since tracking began is archived, classified, and available as free RSS or email alerts — 19 changes logged to date.
Archived snapshot
Apr 27, 2026GovPing captured this document from the original source. If the source has since changed or been removed, this is the text as it existed at that time.
News
Publication of a Notice of the fact of a Prohibition Order and a Discretionary Financial Penalty
27th April 2026
- Enforcement
On 24 April 2026, the Commission imposed a discretionary financial penalty of £35,000 on Mr Patrick Barry Moroney.
In addition, Mr Moroney was prohibited from performing any function on behalf of a regulated entity for a period of 8 years.
The exemption set out in section 3(1)(g) of the Regulation of Fiduciaries, Administration Business and Company Directors, etc (Bailiwick of Guernsey) Law, 2020 (which would otherwise permit an individual to act as a director of not more than six companies without a fiduciary licence) has also been disapplied in respect of Mr Moroney for a period of eight years.
The above sanctions were imposed on Mr Moroney as a result of his failure to meet the minimum criteria for licensing.
More details to follow in due course.
Categories
- Authorisations (79)
- Banking (353)
- Consultations (59)
- Consumers (120)
- Digital Finance (11)
- Enforcement (36)
- External Evaluations (9)
- Fiduciary (404)
- Financial Crime (459)
- General (776)
- Insurance (410)
- Investment (474)
- Pension (34)
- Prohibitions (43)
- Public Statements (45)
- Registered Business (304)
- Sanctions (816)
- Warnings (43)
Archive
Related changes
Get daily alerts for Guernsey GFSC News
Daily digest delivered to your inbox.
Free. Unsubscribe anytime.
About this page
Every important government, regulator, and court update from around the world. One place. Real-time. Free. Our mission
Source document text, dates, docket IDs, and authority are extracted directly from GFSC.
The summary, classification, recommended actions, deadlines, and penalty information are AI-generated from the original text and may contain errors. Always verify against the source document.
Classification
Browse Categories
Get alerts for this source
We'll email you when Guernsey GFSC News publishes new changes.
Subscribed!
Optional. Filters your digest to exactly the updates that matter to you.