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.
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 Wang Co-founder and chief revenue officer of Deel. Photos: Courtesy company; Getty Images
State Regulators Fine Block Inc $80 Million for Anti-Money Laundering Violations
WASHINGTON (Reuters) - 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.
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.
LPL Financial to Pay $18M Fine for Anti-Money Laundering Failures
LPL Financial Holdings has agreed to pay an $18 million fine and to improve its anti-money laundering program to settle charges from the U.S. securities watchdog.
LPL Financial settles SEC anti-money laundering charges for $18 million
The Securities and Exchange Commission (SEC) has announced charges against broker-dealer and investment adviser LPL Financial (NASDAQ:LPLA) LLC due to numerous failures in its anti-money laundering (AML) program.
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Indian Crypto Vendor Sentenced to Over 10 Years for Money Laundering
Anurag Murarka was sentenced to 10 years for laundering $20 million in criminal proceeds via a global hawala and crypto ...
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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Banks should work together on money laundering, minister says
Finance minister Eelco Heinen wants banks to be able to share information about their customers as part of anti-money ...
US state regulators fine Block Inc $80 million for insufficient money laundering controls
Block Inc has agreed to pay a fine of $80 million to a group of 48 state financial regulators after the agencies determined ...
Oakland man sentenced to one year in prison for money laundering
Jose Luis Garcia, 57, of Oakland, wired large sums of cash to drug-trafficking areas without recording the true identity of ...
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Oakland money transfer owner sentenced to prison for money laundering
The co-owner of an Oakland money transfer business has been ordered to spend a year in federal prison after pleading guilty ...
Former Ankeny Chamber of Commerce CEO arrested for theft, money laundering
The former president and CEO of the Ankeny Chamber of Commerce has been arrested. This comes shortly after she was dismissed ...
Two Jamaican men convicted of drug money laundering
Two Jamaican men were convicted for their involvement in a complex international money laundering organization, according to the statement from the United States Department of Justice. St. Devon ...