discopop
Well-Known Member
Essentially the same thing CAS found us guilty of then, witholding information, except their fine is bigger as the implications are potentially more severe.
Also probably worth mentioning that we didn't comply because we felt the system was compromised and there was no defined rule to say we had to declare the information, but Standard Charter didn't comply and submit liquidity info to The Bank of England because their systems and checks were deficient. Who knows how many Kalashnikov's were snapped up whilst they fixed it
Everything to do with that club is rancid.