[2023]GRC017 - I. Domaille and I. Clarke and M. Hannis v Guernsey Financial Services Commission - 18-April-2023

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Appeals against sanctions imposed by GFSC on directors/managers of fiduciary services company, asserting error of law, unreasonableness, and disproportion. Correct approach to finding of want of probity. Need to recognise distinction between failings of corporate entity and failings of individuals. Reasonable financial penalties to have regard to historic nature of conduct and enforcement powers at relevant time. Other matters going to potential unreasonableness/disproportion. Appeals allowed; Prohibition Orders quashed, and financial penalties reduced.