Saxo Bank fined $50 million for AML breaches, sale price adjusted
Saxo Bank’s Hong Kong unit, Saxo Capital Markets HK Limited, was fined $4 million earlier this month for regulatory breaches.
AML compliance
AUSTRAC orders audit of payment platform Airwallex
The auditor will examine whether Airwallex is complying with key AML/CTF requirements.
Webull selects Flagright transaction monitoring and AML compliance solution
Webull will utilize Flagright’s AML screening, customer risk scoring, case management, and AI forensics.
FINRA fines Redbridge Securities for AML program deficiencies
Redbridge Securities LLC has agreed to pay a fine of $475,000 as a part of a settlement with FINRA.
FCA sends Dear CEO letter warning of AML failings
All Annex 1 firms should assess their financial crime controls against the common weaknesses the FCA has found within the next six months.
FINRA fines Aegis Investments for deficient AML program testing
Aegis Investments failed to conduct annual independent testing of the firm’s AML compliance program between 2011 and 2020.
PayPugs partners with Huntli for AML screening and fraud detection
The PayPugs-Huntli partnership solves the problem of obtaining a trusted fraud prevention system that doesn’t disturb customer experience.
FINRA fines, suspends former Interactive Brokers AML Compliance Officer
Andrew Feist – then Interactive Brokers’ AMLCO – failed to establish a reasonably designed AML program at the firm.
HK watchdog fines Mason Securities $3.6M for AML requirement breaches
Hong Kong’s SFC has imposed a fine of $3.6 million on Mason Securities Limited (MSL), formerly known as GuocoCapital Limited (GCL).
Europe’s EBA to set new guidelines on AML/CFT compliance officers role
AML/CFT compliance officers need to have a sufficient level of seniority with powers to propose all necessary or appropriate measures.
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