Transparency data

Insolvency practitioner sanctions: Craig Ridgley 13 December 2023

On 13 December a Disciplinary Consent Order was made against Craig Ridgley, formerly of Voscap Limited

• From: The Insolvency Service
• Published: 13 February 2024

Documents

Disciplinary Consent Order Craig Ridgley

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Details

This Order is made in relation to an allegation that Mr Ridgley breached the Money Laundering and Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations (‘MLR’) 2017, when;

1) in his role as Supervisor of an Individual Voluntary Arrangement (‘IVA’) he failed to:

1. Complete adequate Customer Due Diligence (‘CDD’) to verify the source of third-party funds, paid into the IVA, as required by Regulations 27(2) and 28 (2), and
2. reassess the level of risk following receipt of new information relevant to the risk categorisation in accordance with Regulations 27 (8) (a) and (b), 28(11) and (12).

2) in his role as Liquidator of a limited company he failed to reassess the level of risk following receipt of new information relevant to the risk categorisation in accordance Regulations 27 (8) (a) and (b), 28(11) and 28 (12).

Accordingly, Mr Ridgley is liable to disciplinary action under Article 66 of the IPA’s Articles of Association. 3

Published 13 February 2024