Interactive Brokers to Pay $38M in Settlement Over AML Lapses

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Interactive Brokers to Pay $38M in Settlement Over AML Lapses

Brokerage agency Interactive Brokers LLC agreed to pay $38 million in penalties to settle expenses associated to lapses in Anti-Cash Laundering (AM


Brokerage agency Interactive Brokers LLC agreed to pay $38 million in penalties to settle expenses associated to lapses in Anti-Cash Laundering (AML) necessities and failure to flag suspicious transactions, in response to a latest announcement by the Securities and Change Fee (SEC). 

The announcement mentioned that, over a one-year interval, Interactive Brokers didn’t file about 150 Suspicious Exercise Stories to the SEC and in addition didn’t correctly examine suspicious exercise as required underneath process. 

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