ADM Investor Services International Limited (ADMISI), a broker, has been fined £6,470,600 for inadequate AML systems and controls.
The Auckland High Court has ordered Tiger Brokers (NZ) Limited to pay $900,000 for breaching the AML/CFT Act 2009.
MAS has imposed composition penalties of S$3.8 million in total on Citibank, DBS, OCBC Singapore and Swiss Life (Singapore) Pte. Ltd.
FXBFI was also one of the CySEC-regulated brokers which were banned from taking UK clients by UK regulator FCA.
Between 2016 and 2019, five cyber-events occurred at or through HJ Sims. In each event, a bad actor gained unauthorized access.
The FCA has fined Al Rayan Bank PLC £4,023,600 for failing to put in place adequate anti-money laundering (AML) controls.
The FCA has imposed a £7.6 million fine on Guaranty Trust Bank (UK) Limited for further failures in its AML systems and controls.
Danske Bank Estonia employees conspired with non-resident customers to shield the true nature of their transactions.
The FCA has fined Santander UK Plc £107,793,300 after it found serious gaps in its anti-money laundering (AML) controls.
The FCA found serious shortcomings in Gatehouse’s AML policies and procedures in the period from 9 June 2014 to 5 July 2017.