CySEC reacheds a €50K setttlement with Freedom Finance Europe for possible AML violations
CySEC assessed Freedom Finance Europe’s compliance during that period regarding procedures for client identification, due diligence. Furthermore, the financial markets regulator looked closely at the implementation of appropriate policies and controls for the detailed examination of each transaction and specifically particularly complex unusually large transaction or atypical patterns. The Cyprus watchdog announced that the company […] The post CySEC reacheds a €50K setttlement with Freedom Finance Europe for possible AML violations appeared first on LeapRate.
CySEC assessed Freedom Finance Europe’s compliance during that period regarding procedures for client identification, due diligence. Furthermore, the financial markets regulator looked closely at the implementation of appropriate policies and controls for the detailed examination of each transaction and specifically particularly complex unusually large transaction or atypical patterns.
The Cyprus watchdog announced that the company which holds a Cyprus Investment Firm (CIF) license has already paid the settlement amount.
The post CySEC reacheds a €50K setttlement with Freedom Finance Europe for possible AML violations appeared first on LeapRate.
