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OTC Link LLC to pay $1.19m for failing to file suspicious activity reports

Traders work on the floor of the New York Stock Exchange.
Photo: Michael M. Santiago/Getty Images

Martina Lindberg

1 min read
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Case brought over failure to file any SARs for over three years.

New York-based broker-dealer OTC Link LLC has agreed to pay $1.19m to settle charges for failing to file numerous reports of suspicious financial transactions.

According to the SEC, from March 2020 through May 2023, OTC Link failed to implement proper anti-money-laundering (AML) policies and procedures to surveil transactions for possible

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