Money Laundering, Terrorism & Financial Institutions
Published by Civic Research Institute, civicresearchinstitute.com
 
USA PATRIOT ACT MONITOR NEWS RELEASES

USA PATRIOT Act Monitor News Release: ABN Amro Equities (UK) fined
4/23/2003 5:10:06 PM Eastern Daylight Time

ABN Amro Equities (UK) Limited has been fined £ 900,000 for "market misconduct and serious compliance failures" according to a notice posted on the Financial Services Authority website (www.fsa.gov.uk). Michael Ackers, former joint Head of the UK Equity Trading Desk was fined £ 70,00 for market misconduct. A broad range of violations were specified, including failure to implement staff training regarding money laundering. (The FSA news release contains a link to the Final Notice sent ABN Amro Equities (UK) Ltd. on April 15.)


 

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