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Isle of Man regulator bans Peter Bond and other ex-Valmet staff

Four former employees of the Valmet Group, which was acquired by Bermuda-based Mutual Risk Management in 2001, have been banned from holding corporate office in the Isle of Man.The disqualifications follow proceedings brought at the local High Court of Justice by the Isle of Man Financial Supervision Commission in connection with concealing the proceeds of a U. S. fraudster.