EFG Capital fined US$650,000 by FINRA for monitoring and account review failures

Florida, USA-based EFG Capital International, a securities brokerage, has agreed to a censure and will pay US$650,000 as part of an acceptance, waiver and consent (AWC) settlement with the US Financial Industry Regulatory Authority (FINRA) for anti-money laundering control failings between May 2018 and August 2022.

Florida, USA-based EFG Capital International, a securities brokerage, has agreed to a censure and will pay US$650,000 as part of an acceptance, waiver and consent (AWC) settlement with the US Financial Industry Regulatory Authority (FINRA) for anti-money laundering control failings between May 2018 and August 2022.