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).

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