Originally Posted by
fatbus
Dune , well done ! Agree with you.
Silent Dune/ Silent el peligroso/ Silent fatbus
The time has come to confess to any possible breaches of COMPLIANCE which might well demonstrate
failure by you and/or your LIPS API "buddies" to apply DUE DILIGENCE to yourselves?
QUESTION 1: WHY did
Sovereign Stephen feel the need to write to all the members paying insurance premiums under the
LIPS API insurance scheme last March?
(one of his key roles as Managing Director at Sovereign (Guernsey) is I believe COMPLIANCE).
I have heard it was because of possible
NON COMPLIANCE with Guernsey Financial Authority Regulations
QUESTION 2: WHY are former pilot insurance premium paying colleagues who left the LIPS API "Scheme" six months ago after hearing of the
wrongful denial of my legitimate claim and resulting pending lawsuit still receiving warning letters from "the real live human being" at aircrewprotection
QUESTION 3: WHY so many
PILOT DIRECTOR RESIGNATIONS from LIPS API of late ?
Of course the real GORILLA IN THE ROOM will be dealt with in due course in the not too distant future........Im sure you know what that GORILLA may be?
By way of background check out the latest trends in law re accountability of financial entities and those working for them found culpable "after the event"....resigning won't get them off the hook. i.e. they will take a bullet for the their team if the breach occurred on their watch. The US DOJ is a trailblazer in this regard.
(in the excerpt below I highlight in bold the pertinent section )
INDIVIDUAL ACCOUNTABILITY
ABOUT THE INDIVIDUAL ACCOUNTABILITY POLICY
Fighting corporate fraud and other misconduct is a top priority of the Department of Justice. Our nation's economy depends on effective enforcement of the civil and criminal laws that protect our financial system and, by extension, all our citizens. These are principles that the Department lives and breathes- as evidenced by the many attorneys, agents, and support staff who have worked tirelessly on corporate investigations.
One of the most effective ways to combat corporate misconduct is by seeking
accountability from the individuals who perpetrated the wrongdoing. Such accountability is important for several reasons: it deters future illegal activity; it incentivizes changes in corporate behavior;
it ensures that the proper parties are held responsible for their actions; and it promotes the public's confidence in our justice system.
On September 9, 2015, Deputy Attorney General Sally Q. Yates issued a memorandum entitled,
“Individual Accountability for Corporate Wrongdoing” to guide department attorneys when handling corporate matters. The memo outlined six significant steps in Department policy in order to ensure that corporate investigations are handled consistently across the department:
To be eligible for any cooperation credit, corporations must provide the Department all relevant facts about individuals involved in corporate misconduct;
Both criminal and civil corporate investigations should focus on individuals from the inception of the investigation;
Criminal and civil attorneys handling corporate investigations should be in routine communication with one another;
Absent extraordinary circumstances, no corporate resolution should provide protection from criminal or civil liability for any individuals;
Corporate cases should not be resolved without a clear plan to resolve related individual cases; and
Civil attorneys should evaluate whether to bring suit against an individual based on considerations beyond that individual’s ability to pay.
web page in full available here
https://www.justice.gov/dag/individual-accountability
Im off now to focus on the upcoming lawsuit and the
GORILLA IN THE ROOM that comes with it.