Anti-Money Laundering

Anti-Money Laundering

Merrill Lynch to Pay $12 Million for Failing to File Hundreds of Suspicious Activity Reports

Broker-dealer Merrill Lynch has agreed to pay a total of $12 million in fines to regulators for failing to file about 1,500 suspicious activity reports over more than a decade. Under U.S. anti-money-laundering rules, broker-dealers like Merrill Lynch are required to file suspicious activity reports to ...Read More

Barclays Under UK Probe Over Anti-Money Laundering Systems

The U.K.’s Financial Conduct Authority (FCA) is reportedly investigating Barclays for suspected failings in its compliance and anti-money laundering systems. The Authority requested an independent review of Barclays’ systems last year after noting the number of anti-money laundering incidents, the Financial Times reported, citing people ...Read More