Tag: AML rules

Morgan Stanley fined $10m for AML program
November 23, 2017 BY LeapRate Staff

New Zealand based FX broker Fullerton Markets gets FMA warning for AML issues

New Zealand financial regulator The Financial Markets Authority (FMA) has issued a formal warning to Wellington based Retail FX broker Fullerton Markets Limited under Section 80 of the country's Anti-Money Laundering and Countering Financing of Terrorism Act (AML/CFT Act). An inspection of Fullerton’s AML/CFT compliance by FMA staff showed that the company did not have…

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November 04, 2015 BY Maria Nikolova

Dubai regulator imposes $640,000 fine on ABN AMRO for AML deficiencies

The Dubai Financial Services Authority (DFSA) announced today that it has imposed a fine of US$ 640,000 (AED 2,350,720) on ABN AMRO Bank N.V. DIFC Branch (ABN) over deficiencies concerning anti-money laundering. DFSA has conducted an investigation which found that, over the period from January 1, 2013 to December 31, 2014, ABN violated a number…

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