LPL to Pay $18 Million to Resolve Anti-Money-Laundering Allegations
The Securities and Exchange Commission alleges that LPL didn’t adhere to an organized process for addressing restrictions on accounts that failed its customer identification program.
Cash App Owner to Pay $80 Million Over Alleged Anti-Money-Laundering Deficiencies
Block has agreed to pay $80 million in a settlement with dozens of state regulators over alleged problems with its program to counter money laundering.
LPL Financial Hit with Anti-Money Laundering Violations
As part of a flurry of moves in the last days of the Biden administration, the Securities and Exchange Commission announced charges against broker/dealer and investment advisor LPL Financial for multiple failures related to its anti-money laundering program.
State regulators fine Block Inc $80 million for anti-money laundering violations
Block, Inc has agreed to pay a fine of $80 million to a group of 48 state financial regulators for violations of anti-money laundering laws through its mobile payment service, Cash App. The multi-statement settlement would also see the fintech firm bring in an independent consultant to review its Bank Secrecy Act and anti-money laundering program,
Block to pay $80M for violating Bank Secrecy Act, anti-money laundering laws
In a coordinated enforcement action by 48 state financial regulators, Block will pay an $80M fine and undertake corrective action for
Moscow-Born Former Trump Associate Felix Sater Granted New Money-Laundering Trial
Felix Sater, the controversial real estate operative who was once part of President-elect Donald Trump’s inner circle, won ...
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2 men convicted by federal jury for money laundering scheme involving Mass. banks
Two men were convicted by a federal jury for their role in an international money laundering scheme involving Massachusetts ...
Payroll Startup Deel Accused of Enabling Money Laundering
The startup, recently valued at $12 billion, says it hasn’t broken any laws. Alex Bouaziz Co-founder and CEO of Deel and Shuo ...
Charlotte area financial services firm to pay $18M to settle anti-money laundering charges
The SEC detailed accusations against the broker-dealer firm, which has several thousand workers in the region.
No one objected to Mayfair cash deliveries, James Stunt tells money laundering trial
Socialite James Stunt has told his money laundering trial that he would have stopped large cash deliveries from taking place at his offices in London’s Mayfair “if anyone had raised an objection”.
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ED Unravels Rs 300 Crore Money Laundering Case in Karnataka
The Enforcement Directorate has seized 142 properties valued at Rs 300 crore in the Mysuru Urban Development Authority (MUDA) ...
Philippines Seeks Money Laundering Charges Against Ex-Mayor
Philippine prosecutors are seeking money laundering charges against a former town mayor over her alleged involvement in an ...
Socialite tells money laundering trial he never agreed to ‘criminal enterprise’
James Stunt, the former son-in-law of F1 tycoon Bernie Ecclestone, is one of five men on trial over an alleged ...
Pen Money Laundering Case: ED Restitutes Assets Worth 289.54 Crore
The Enforcement Directorate (ED), Mumbai, has restituted immovable properties worth Rs289.54 crore to the competent authority under the Maharashtra Protection of Interest of Depositors (MPID) Act, ...
TD moves up CEO's departure date, cuts his pay by 89%
TD, whose U.S. operations are based in Cherry Hill, is cutting the pay of 41 executives following massive penalties related ...