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NFA Fines Firm for Inadequate AML Program and Failure to Supervise

The NFA ordered NFA member and previously registered CFC retail foreign exchange dealer FXDirectDealer LLC ("FXDD") to pay a fine, and to operate solely as an NFA member introducing broker, for failing to (i) implement an adequate anti-money laundering ("AML") program and (ii) supervise the firm's operations and employees.

See: NFA Decision; NFA Complaint.
See also: AML Specialty Page (available to Cabinet subscribers only).

Tags

Regulated Activities
AML Compliance
Sub-Activity
AML Program
Body of Law
AML Regulation CEA Regulation
Jurisdiction
US - Federal
Organization
CFTC, NFA, CFTC Markets
Sub-Author
NFA