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OFAC fines firm for sanctions lapses, failure to use technology properly
The NJ-based supply-chain logistics firm was charged because several subsidiaries’ brokerage management systems hadn’t yet been incorporated into C.H. Robinson’s system.
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FINRA disciplinary action update 2024/48
Disciplinary decisions issued December 7 – 13, 2024.
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Finnish regulator fines three individuals for late notifications
The delays in transaction reporting ranged from two months to almost a year.
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ASIC roundup: serious governance failures, and Kraken operator to pay A$8m
The Australian Securities & Investments Commission’s latest actions and news, December 9 – 13, 2024.
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FINTRAC cites Exchange Bank of Canada with AML failures
Monitoring and reporting shortcomings included not submitting SARs where there were reasonable grounds to suspect transactions were related to money laundering or terrorist financing.
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French operator Orange fined €50m for ads in users’ inboxes
The telecommunications operator interspersed adverts between emails without obtaining appropriate consent from millions of customers.
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Swedish BNPL provider Klarna fined Skr 500m for AML violations
The Swedish Financial Supervisory Authority fined Klarna for violation of several key rules of AML regulations.
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FINRA disciplinary action update 2024/47
Disciplinary decisions issued November 30 – December 6, 2024.