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FINRA Penalizes Mundial Financial Group Over Prolonged AML and Governance Failures Penalizes Mundial Financial Group Over Prolonged AML and Governance Failures
FINRA has issued a $100,000 fine against Mundial Financial Group after identifying serious and long-running breakdowns in the firm’s anti-money laundering controls. The enforcement action follows years of deficiencies spanning customer identification, transaction surveillance, and internal governance, which regulators concluded left the firm highly exposed to illicit trading and money laundering risks. Investigators also found that these weaknesses were exacerbated by the inv
29 minutes ago4 min read
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