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.
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.