{"id":2655,"date":"2016-12-19T00:00:00","date_gmt":"2016-12-19T05:00:00","guid":{"rendered":"http:\/\/silverlaw.lawblogger.net\/blog\/finra-fines-credit-suisse-for-anti-money-laundering-deficiencies\/"},"modified":"2017-07-27T14:07:34","modified_gmt":"2017-07-27T18:07:34","slug":"finra-fines-credit-suisse-for-anti-money-laundering-deficiencies","status":"publish","type":"post","link":"https:\/\/www.silverlaw.com\/blog\/finra-fines-credit-suisse-for-anti-money-laundering-deficiencies\/","title":{"rendered":"FINRA Fines Credit Sussie Securities $16.5 Million for Anti-Money Laundering Program Deficiencies"},"content":{"rendered":"<p>On December 5, 2016, <a href=\"https:\/\/www.finra.org\/newsroom\/2016\/finra-fines-credit-suisse-165-million-significant-deficiencies-its-aml-program\" target=\"_blank\">FINRA reported<\/a> that it fined <a href=\"https:\/\/brokercheck.finra.org\/firm\/816\" target=\"_blank\">Credit Suisse Securities (USA) LLC (CRD# 816)<\/a> $16.5 million for anti-money laundering (\u201cAML\u201d), supervision and other violations.<\/p>\n<p>According to the <a href=\"http:\/\/disciplinaryactions.finra.org\/Search\/ViewDocument\/66950\" target=\"_blank\">Acceptance, Waiver &amp; Consent (\u201cAWC\u201d)<\/a> entered into between Credit Suisse and FINRA, Credit Suisse neither admitted or denied the allegations but consented to the findings.<\/p>\n<p>FINRA found that Credit Suisses\u2019s suspicious activity monitoring program was deficient in that it relied on its registered representatives to identify and report potentially suspicious trading, including microcap transactions.\u00a0 This self-regulation did not always work in practice, and high-risk activity was not always reported and investigated.<\/p>\n<div class=\"read_more_link\"><a href=\"https:\/\/www.silverlaw.com\/blog\/finra-fines-credit-suisse-for-anti-money-laundering-deficiencies\/\"  title=\"Continue Reading FINRA Fines Credit Sussie Securities $16.5 Million for Anti-Money Laundering Program Deficiencies\" class=\"more-link\">Continue reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"<p>On December 5, 2016, FINRA reported that it fined Credit Suisse Securities (USA) LLC (CRD# 816) $16.5 million for anti-money laundering (\u201cAML\u201d), supervision and other violations. According to the Acceptance, Waiver &amp; Consent (\u201cAWC\u201d) entered into between Credit Suisse and FINRA, Credit Suisse neither admitted or denied the allegations but consented to the findings. FINRA [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[578],"tags":[],"class_list":["post-2655","post","type-post","status-publish","format-standard","hentry","category-all-releases"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Credit Suisse fined $16.5 million for Anti-Money Laundering Deficiencies<\/title>\n<meta name=\"description\" content=\"If you&#039;ve lost money investing with Credit Suisse Securities, contact us to see how you can recover your losses. The consultation is free.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.silverlaw.com\/blog\/finra-fines-credit-suisse-for-anti-money-laundering-deficiencies\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Credit Suisse fined $16.5 million for Anti-Money Laundering Deficiencies\" \/>\n<meta name=\"twitter:description\" content=\"If you&#039;ve lost money investing with Credit Suisse Securities, contact us to see how you can recover your losses. The consultation is free.\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Silver Law Group\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Credit Suisse fined $16.5 million for Anti-Money Laundering Deficiencies","description":"If you've lost money investing with Credit Suisse Securities, contact us to see how you can recover your losses. The consultation is free.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.silverlaw.com\/blog\/finra-fines-credit-suisse-for-anti-money-laundering-deficiencies\/","twitter_card":"summary_large_image","twitter_title":"Credit Suisse fined $16.5 million for Anti-Money Laundering Deficiencies","twitter_description":"If you've lost money investing with Credit Suisse Securities, contact us to see how you can recover your losses. The consultation is free.","twitter_misc":{"Written by":"Silver Law Group","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.silverlaw.com\/blog\/finra-fines-credit-suisse-for-anti-money-laundering-deficiencies\/#article","isPartOf":{"@id":"https:\/\/www.silverlaw.com\/blog\/finra-fines-credit-suisse-for-anti-money-laundering-deficiencies\/"},"author":{"name":"Silver Law Group","@id":"https:\/\/www.silverlaw.com\/blog\/#\/schema\/person\/de64d999508b1ad10d608a99f0d2e752"},"headline":"FINRA Fines Credit Sussie Securities $16.5 Million for Anti-Money Laundering Program Deficiencies","datePublished":"2016-12-19T05:00:00+00:00","dateModified":"2017-07-27T18:07:34+00:00","mainEntityOfPage":{"@id":"https:\/\/www.silverlaw.com\/blog\/finra-fines-credit-suisse-for-anti-money-laundering-deficiencies\/"},"wordCount":438,"articleSection":["All Releases"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.silverlaw.com\/blog\/finra-fines-credit-suisse-for-anti-money-laundering-deficiencies\/","url":"https:\/\/www.silverlaw.com\/blog\/finra-fines-credit-suisse-for-anti-money-laundering-deficiencies\/","name":"Credit Suisse fined $16.5 million for Anti-Money Laundering Deficiencies","isPartOf":{"@id":"https:\/\/www.silverlaw.com\/blog\/#website"},"datePublished":"2016-12-19T05:00:00+00:00","dateModified":"2017-07-27T18:07:34+00:00","author":{"@id":"https:\/\/www.silverlaw.com\/blog\/#\/schema\/person\/de64d999508b1ad10d608a99f0d2e752"},"description":"If you've lost money investing with Credit Suisse Securities, contact us to see how you can recover your losses. 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