FINRA Hits SageTrader with New $100k Fine for AML Failure
The Financial Industry Regulatory Authority (FINRA) has hit California-based securities broker, SageTrader, with a censure order and fine of $100,000 for failing to establish and implement anti-money laundering (AML Anti-Money Laundering (AML) Anti-money laundering (AML) is a term that describes laws, processes, and regulations that are intended to prevent illegally obtained funds from being disguised […]
8 AML Guidelines Every Compliance Team Should Be Using
Many compliance teams may find that AML or anti-money laundering detection rules aren’t straightforward in their application. This happens due to the plethora of risk factors and possible thresholds which are relevant to each of their respective business models, customers, range of products and so forth. Even with that being the case, there are some […]
Can NFT Marketplaces be AML Compliant?
Despite the massive boom seen in the NFT industry, many still seem to be unconvinced about its future, which is why businesses who work towards AML compliance might have an edge later on. As nascent as this technology seems, it shows incredible promise, fast growing adoption rates, and ease of use. Accordingly, when those who […]