The UK’s Financial Conduct Authority (FCA) has fined Commerzbank AG (London Branch) ￡37,805,400 for failing to put adequate anti-money laundering (AML) systems and controls in place between October 2012 and September 2017. The fine comes after the FCA said that the bank had failed to act on concerns raised in 2012, 2015 and 2017 by the regulator.
30284 Thursday, 18 June 2020 07:07:30 Source：ibsintelligence
?The Australian Financial Complaints Authority (AFCA) today published the details of 680 financial firms who have failed to pay their AFCA membership levy. These financial firms and authorised credit representatives have been expelled from membership of AFCA, the nation’s single external dispute resolution scheme for complaints about financial firms.
17213 Wednesday, 17 June 2020 03:47:45 Source：financefeeds