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NEWS: Former Compliance officer fined $25K (€22K) for AML misconduct

By Alisha Houlihan for AMLi

An Interactive Brokers former compliance officer has agreed to pay a $25K (€22K) fine to settle allegations he failed to oversee an anti-money-laundering (AML) programme.

In a letter, Financial Industry Regulatory Authority’s (FINRA) Arnold J. Feist acknowledged that his former employer, Interactive Brokers did not comply with laws requiring financial institutions to protect against financial crimes.

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