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
SEC charges La Jolla’s LPL Financial with anti-money laundering violations
LPL Financial, a La Jolla-based investment and wealth management services firm, will pay $18 million to settle charges by the Securities and Exchange Commission for violations of anti-money laundering policies.
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.
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.
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
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 ...
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 ...
Ontario man among four indicted last week by FBI in $128-million bank fraud and money laundering operation
The FBI also intends to seize three residences in Miami Beach, and one in the U.S. Virgin Islands that they said were traceable to their criminal earnings .
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 ...
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 ...
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.
The Shadow Banker’s Network: Hawala’s Role in a Digitizing World
Hawala dealers, also known as hawaladars, work outside traditional banks and depend on trust, close family ties, and local ...