SEC charges Navy Capital with misrepresenting AML processes to investors

The SEC said the company represented to private fund investors that the firm was voluntarily complying with AML due diligence laws despite actual processes for same being used.

The SEC has charged Connecticut-based investment adviser Navy Capital Green Management LLC with making misrepresentations related to its anti-money-laundering (AML) procedures and for related compliance failures. Navy Capital agreed to settle the SEC’s charges and pay a $150,000 civil penalty.

Between at least October 2018 and January 2022, Navy Capital

In particular,

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