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).