comparemela.com

குவாண்டம் உலகளாவிய News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Trust company s £550,000 fine demonstrates importance of effective and consistent AML procedures

The Royal Court recently imposed a hefty £550,000 fine on a firm for failing to ensure that, in practice, its anti-money laundering (AML) policies and procedures were being applied effectively and consistently. Notably, the Royal Court was not deterred from imposing a fine by the fact that the failings related to only one client structure. Firms must therefore ensure that their AML controls are being applied effectively across their entire business – for, as this judgment shows, the cost of failing to do so can be high.

California Federal Magistrate Judge Approves $175,000 Class Action Settlement For Employer s Alleged Violation Of FCRA s Stand-Alone Disclosure Requirement - Consumer Protection

To print this article, all you need is to be registered or login on Mondaq.com. A federal magistrate judge in the Northern District of California approved a class settlement of nearly $175,000 for an alleged violation of the FCRA s stand-alone disclosure requirement. The class was comprised of over 1,000 job applicants who signed a standard form as part of their application, which included both a consumer report disclosure and a liability waiver. The case is  According to the complaint, defendant Quantum Global Technologies, LLC (QGT) is a company that provides outsourced cleaning and engineering services for process tool parts. Plaintiff Paniani Taafua applied for and obtained employment with QGT. During

© 2025 Vimarsana

vimarsana © 2020. All Rights Reserved.