AML / KYC

ICBC’s US Securities Unit Fined $5.3mn for AML Failures

US regulator FINRA has fined ICBC Financial Services for failing to have an AML program in place; ICBC FS also settled a case with the US SEC, paying $860,000 for failing to report suspicious transactions in its penny stock trading business.

To continue reading...


Get access to Regulation Asia

Regulation Asia deliveres the latest news, research and analysis on regulation across banking and capital markets.

Sign up for a free trial or subscribe now. Please click on one of the buttons below.

Free Trial Subscribe

To discuss our subscription options
please email [email protected]

To Top