May 18, 2016 BY LeapRate Staff
Raymond James gets $17 million FINRA fine for systemic Anti-Money Laundering (AML) failures
US securities regulator The Financial Industry Regulatory Authority (FINRA) has announced a fine against units of Raymond James Financial, Inc. (NYSE:RJF) totaling $17 million for what it called widespread failures related to the firm's anti-money laundering (AML) programs. The fines were for failing to establish and implement adequate AML procedures, which resulted in Raymond James' failure…
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