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increase in Alpari’s live accounts in just one year |
The Financial Services Authority has slapped Alpari with a £140,000 fine and its former money laundering reporting officer (MLRO), Sudipto Chattopadhyay with a fine of £14,000. According to the FSA report, Alpari failed to have in place adequate anti-money-laundering systems and controls and failed to monitor customer accounts, particularly customers based in Nigeria.
The report says: “FSA regulated firms should carry out risk assessments of the money laundering and financial crime risks that they are exposed to.
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