Bank Agrees to Pay More than $400 Million to Settle SEC Charges December 13, 2022/US SEC The Securities and Exchange Commission today announced fraud charges against Danske Bank, a multinational financial services corporation headquartered in Denmark, for misleading investors about its anti-money laundering (AML) compliance program in its Estonian branch […]
Frauds & Scandals
SEC Charges Brokerage Firm with Anti-Money Laundering Violations
December 13, 2022/US SEC On December 12, 2022, the Securities and Exchange Commission charged J.H. Darbie & Co., Inc., a New York City-based brokerage firm, with failing to report suspicious activity related to transactions in tens of billions of shares of low-priced securities – or “penny stocks” – that were traded […]
SEC Awards More Than $20 Million to Whistleblower
December 12, 2022/US SEC The Securities and Exchange Commission today announced an award of more than $20 million to a whistleblower who provided information and assistance that significantly contributed to a successful enforcement action. The whistleblower provided new information, met with Enforcement Division staff multiple times, and remained cooperative throughout […]
