Merrill Lynch, BofA's brokerage arm, hit with $7.5M SEC fine over missed suspicious activity reports
The SEC's order, issued Monday, found that Merrill Lynch, Pierce, Fenner & Smith Incorporated willfully violated Section 17(a ...
As a subsidiary of Bank of America, Merrill uses a BofA software program to monitor and report suspicious activity. For years ...
Private Banker International on MSN
US regulator fines BofA’s wealth unit Merrill over SAR failures
The regulator said the broker-dealer did not meet reporting and recordkeeping obligations and agreed to a $7.5m civil penalty ...
On October 9, 2025, the U.S. Department of Treasury’s Financial Crimes Enforcement Network (FinCEN) jointly with the Board of Governors of the Federal Reserve System (Federal Reserve), the Federal ...
WASHINGTON — New guidance obtained by American Banker would reduce the number of suspicious activity reports, or SARs, banks are required to file, a move aimed at easing banks' compliance burden and ...
On March 6, the Financial Crimes Enforcement Network (FinCEN) announced a historic $80 million civil money penalty against Canaccord Genuity LLC for willful violations of the Bank Secrecy Act (BSA) ...
By Jonathan Stempel June 29 (Reuters) - The U.S. Securities and Exchange Commission fined Bank of America's Merrill Lynch ...
DataVisor, the AI-native real-time decisioning platform for fraud and financial crime prevention, today announced that its customer, NASA Federal Credit Union (NASA FCU), won the Celent Model Risk ...
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