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Tag Archives: anti money laundering

DFSA audits Saxo Bank, hits it with multiple injunctions, accuses of AML and more. Saxo argues this.

Jul
9
2010
Posted by Michael Greenberg in Brokers
0 Comments

Complain to Google if you don’t like the transalation: On 14 June 2010 the FSA has conducted an inspection at Saxo Bank concerning the bank’s compliance with the rules on investor protection and execution of warrant. Inspections include prompted by the …
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Alpari fined $200k by FSA for AML failures

May
5
2010
Posted by Michael Greenberg in Brokers
3 Comments

Alpari was just handed a huge fine by the FSA for failure to implement AML procedures. According to the FSA, amongst other things, Alpari accepted clients from high risk jurisdictions such as Nigeria and didn’t screen customers against AML lists. …
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NFA fines Utah forex dealer member, Interbank FX LLC and its principal $225,000. See the full complaint and Interbank's response

Jul
31
2009
Posted by Michael Greenberg in Brokers
0 Comments

NFA fines Utah forex dealer member, Interbank FX LLC and its principal $225,000 July 30, Chicago – National Futures Association (NFA) has ordered Interbank FX LLC (Interbank) and its principal, Todd Crosland to jointly pay a fine of $225,000. Interbank …
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