{"id":34713,"date":"2023-07-12T14:11:28","date_gmt":"2023-07-12T18:11:28","guid":{"rendered":"https:\/\/ifintechworld.com\/investing\/sec-finra-fine-merrill-lynch-12-million-over-anti-money-laundering-failures\/"},"modified":"2023-07-12T14:11:30","modified_gmt":"2023-07-12T18:11:30","slug":"sec-finra-fine-merrill-lynch-12-million-over-anti-money-laundering-failures","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=34713","title":{"rendered":"SEC, Finra Fine Merrill Lynch $12 Million Over Anti-Money-Laundering Failures"},"content":{"rendered":"<div>\n<p>Government and industry regulators have fined Merrill Lynch $12 million over allegations that the firm failed for more than a decade to file the required Suspicious Activity Reports (SARs) flagging transactions that it knew or suspected were being used to support criminal activity.<\/p>\n<p>The Securities and Exchange Commission and brokerage industry self-regulator Finra each announced $6 million settlements with the wealth manager, alleging that Merrill\u2019s anti-money-laundering policies and procedures improperly relied on a $25,000&#8230;\n    <\/p>\n<\/div>\n<p>Read the full article <a href=\"https:\/\/www.barrons.com\/advisor\/articles\/sec-finra-fine-merrill-lynch-12-million-over-anti-money-laundering-failures-efeabd24?mod=investing\" target=\"_blank\" rel=\"noopener\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Government and industry regulators have fined Merrill Lynch $12 million over allegations that the firm failed for more than a decade to file the required Suspicious Activity Reports (SARs) flagging transactions that it knew or suspected were being used to support criminal activity. The Securities and Exchange Commission and brokerage industry self-regulator Finra each announced [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":34714,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"video","meta":{"footnotes":""},"categories":[239],"tags":[83],"class_list":["post-34713","post","type-post","status-publish","format-video","has-post-thumbnail","hentry","category-investing","tag-featured","post_format-post-format-video"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>SEC, Finra Fine Merrill Lynch $12 Million Over Anti-Money-Laundering Failures | iFintechWorld<\/title>\n<meta name=\"description\" content=\"Government and industry regulators have fined Merrill Lynch $12 million over allegations that the firm failed for more than a decade to file the required\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, 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