A Minnesota-based futures commission merchant was fined $6.5 million by the Commodities Futures Trading Commission (CFTC) for anti-money laundering (AML) program gaps and other risk management and recordkeeping failures.

Adrianne Appel writes regulatory news, policy, and trends for Compliance Week. She previously reported about policy developments for Bloomberg Law and Bloomberg Government. Email: adrianne.appel@complianceweek.com LinkedIn:...