FCA fines Gatehouse Bank £1.58M for deficiencies in AML policies
The FCA found serious shortcomings in Gatehouse’s AML policies and procedures in the period from 9 June 2014 to 5 July 2017.
AML fine
Crypto exchange Bittrex fined $29M for sanctions related AML failures
Bittrex failed to prevent persons apparently located in the Crimea region of Ukraine, Cuba, Iran, Sudan, and Syria from using its platform.
FINRA fines Vision Financial for AML program deficiencies
Vision Financial and Vision Brokerage agree to pay a fine as a part of a settlement with the Financial Industry Regulatory Authority (FINRA).
Hong Kong’s SFC fines Rifa Futures Limited $9M for regulatory breaches
Hong Kong’s SFC has fined Rifa Futures Limited $9 million for failures in complying with AML/CFT and other regulatory requirements.
SFC imposes $3.8M fine on China Everbright Securities (HK) Limited
SFC imposes a $3.8 million fine on China Everbright Securities (HK) Limited for breaches of anti-money laundering regulatory requirements.
SEC charges Wells Fargo Advisors with AML-related violations
Wells Fargo Advisors, the St. Louis-based broker-dealer, has agreed to pay $7 million to settle the charges.
SFC fines Emperor Securities and Emperor Futures $5.4M for AML breaches
Hong Kong’s SFC has reprimanded and fined Emperor Securities and Emperor Futures $5.4 million for AML breaches.
SFC imposes $5M fine on Zhonghui International Futures Company Limited
Hong Kong’s SFC has reprimanded and fined Zhonghui International Futures Company Limited $5 million for regulatory breaches.
NatWest hit with £264.7M AML fine in bags-of-cash case
This is the first time the FCA has pursued criminal charges for money laundering failings.
UBS fined HK$9m for AML violations in Hong Kong
The Monetary Authority has taken disciplinary action against UBS AG, Hong Kong Branch ordering it to pay a penalty of HK$9 million.
