Merrill Lynch to Pay $12 Million for Failing to File Hundreds of Suspicious Activity Reports
Anti-Money Laundering, Broker Dealer, FinCEN, FINRA
July 14, 2023
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