Anti-Money Laundering Cases Top List Of FINRA Enforcements For …

Mar 8, 2022 · Listed below are the top FINRA enforcement issues for 2021 measured by total fines assessed: No. 1 Anti-Money Laundering (AML) cases resulted in the most fines …

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FINRA’s Top Enforcement Issues Of 2023 - BISA Portfolio

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Mar 15, 2024 · The Financial Industry Regulatory Authority (FINRA) imposed a total of $89 million in fines on brokerage firms in 2023, a 63% increase from the previous year, according to a …

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Top 5 FINRA Enforcement Issues In 2023 Included Reg BI, Spoofing

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Mar 13, 2024 · Anti-money laundering and Bank Secrecy Act violations came in third, with 13 related cases last year and a total of $8 million (due mainly to one $6 million penalty against …

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A 'kinder, Gentler' FINRA — Despite Collecting $89M In Fines

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Mar 14, 2024 · Eversheds Sutherland said anti-money laundering cases returned to FINRA's top five enforcement cases last year after dropping off in 2022. The agency logged 13 cases …

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LPL To Pay $18 Million Over Anti-Money Laundering Lapses

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Jan 17, 2025 · The Securities and Exchange Commission censured and fined LPL Financial $18 million for multiple shortcomings in its anti-money laundering compliance programs, including …

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Global Cryptocurrency Exchange BitMEX Fined $100 Million For …

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Jan 15, 2025 · Matthew Podolsky, Attorney for the United States, Acting under Authority Conferred by 28 U.S.C. § 515, announced that HDR GLOBAL TRADING LTD., a/k/a …

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16 Biggest Compliance Fines ($1Billion And Above) - Enzuzo

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Sep 23, 2024 · Check out our list of the biggest anti-money laundering fines. 1. Binance Violates the Banking Secrecy Act — $4.3 Billion ... In severe cases, people lost their homes or cars as …

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FAQs about Anti-Money Laundering Cases Top List Of FINRA Enforcements For … Coupon?

What are the top FINRA enforcement issues?

The second category involved Unit Investment Trust cases, which saw the second most fines from FINRA last year and made Eversheds Sutherland’s list of top enforcement issues for the first time. Rounding out the list of top FINRA enforcement issues were Suitability cases, Trade Reporting cases and Municipal Securities cases. ...

What is FINRA's new anti-money laundering & terrorism policy?

FINRA issued a regulatory notice on Oct. 8, 2021, to review and incorporate national priorities for anti-money laundering (AML) and countering the financing of terrorism (CFT) policy. ...

Is anti-money laundering a bipartisan issue?

As a general matter, combatting money laundering has generally been a bipartisan issue. During the first Trump Administration, there were important regulatory and enforcement actions related to the anti-money laundering laws. ...

How many AML cases are there?

FINRA reported 16 AML cases during the year, resulting in $4.6 million in fines. The second category involved Unit Investment Trust cases, which saw the second most fines from FINRA last year and made Eversheds Sutherland’s list of top enforcement issues for the first time. ...

Why do regulatory bodies enforce anti-money laundering & counter-terrorist financing (CTF) obligations?

Regulatory bodies consistently bring enforcement actions against entities failing to meet Anti-Money Laundering (AML) and Counter-Terrorist Financing (CTF) obligations to maintain the integrity of the financial system. ...

How much are FINRA fines going up?

The firm Eversheds Sutherland found that fines imposed by FINRA rose 60% from 2020 from $57 million to $91 million, the highest total since 2016. This increase came despite the fact the number of disciplinary actions was down 6% from the previous year, from 602 to 569. ...