FINRA imposes $130k fine on Outset Global Trading Limited
Outset Global Trading Limited has agreed to pay a fine of $130,000 as a part of a settlement with the Financial Industry Regulatory Authority (FINRA).
AML fine
MAS fines Swiss-Asia Financial Services S$2.5M for violating AML/CFT requirements
The Monetary Authority of Singapore (MAS) has imposed a composition penalty of S$2.5 million on Swiss-Asia Financial Services Pte. Ltd.
FCA fines ADM Investor Services International Limited £6.47M for AML deficiencies
ADM Investor Services International Limited (ADMISI), a broker, has been fined £6,470,600 for inadequate AML systems and controls.
Tiger Brokers to pay $900,000 fine for AML/CFT Act breaches in New Zealand
The Auckland High Court has ordered Tiger Brokers (NZ) Limited to pay $900,000 for breaching the AML/CFT Act 2009.
MAS imposes S$3.8 million in fines on Citibank, DBS, OCBC, Swiss Life for AML breaches
MAS has imposed composition penalties of S$3.8 million in total on Citibank, DBS, OCBC Singapore and Swiss Life (Singapore) Pte. Ltd.
FXBFI / 101investing.com operator fined (another) €50K by CySEC
FXBFI was also one of the CySEC-regulated brokers which were banned from taking UK clients by UK regulator FCA.
FINRA fines HJ Sims for AML program deficiencies
Between 2016 and 2019, five cyber-events occurred at or through HJ Sims. In each event, a bad actor gained unauthorized access.
FCA imposes £4M fine on Al Rayan Bank PLC for AML failures
The FCA has fined Al Rayan Bank PLC £4,023,600 for failing to put in place adequate anti-money laundering (AML) controls.
FCA imposes £7.6 million fine on Guaranty Trust Bank (UK) Limited
The FCA has imposed a £7.6 million fine on Guaranty Trust Bank (UK) Limited for further failures in its AML systems and controls.
Denmark’s Danske Bank pays $2B fine for AML fraud on US banks
Danske Bank Estonia employees conspired with non-resident customers to shield the true nature of their transactions.
