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Thursday, March 19, 2026
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Tag: AML Failures

FCA Bans Former Trading CEO Kasim Garipoglu Over Systemic Anti-Money Laundering Failures and Fraud

The UK Financial Conduct Authority (FCA) has permanently banned former FX and CFD trading CEO Kasim Garipoglu, a Turkish national, from the financial services industry. The regulator's investigation exposed a shocking disregard for anti-money laundering (AML) controls, revealing a corporate culture where compliance frameworks were actively dismantled, leaving the firm highly vulnerable to financial crime.