Wednesday 12, May 2010 by

FSA fines Alpari over $200,000

The Financial Services Authority (FSA) has imposed a financial penalty of £140,000 ($208,000) on Alpari (UK) Ltd, an online provider of foreign exchange services for speculative trading, for failing to have in place adequate anti-money laundering systems and controls. Its former money laundering reporting officer (MLRO), Sudipto Chattopadhyay, has also received a financial penalty of £14,000 ($20,859).

Features & Analyses

Commercial Banking New year, new rules

Banco Nacional de Angola Governor Jose Pedro de Morais Júnior sheds light on the authorities’ big push for transparency… read more