Kenneth Rijock

Kenneth Rijock

Thursday, October 24, 2019

FINRA FINES BNP PARIBAS FIFTEEN MILLION FOR AML FAILURES



The Financial Industry Regulatory Authority (FINRA), has levied a $15m fine upon BNP Paribas Securities Corp. and BNP Paribas Prime Brokerage, Inc., for Anti-Money Laundering failures. FINRA concluded that the penny stock and wire transfer areas  had no effective AML programs.

Readers who wish to review the details of the FINRA action may access the News Release here.

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