CySEC reacheds a €50K setttlement with Freedom Finance Europe for possible AML violations

<img width="562" height="338" src="https://www.leaprate.com/wp-content/uploads/2021/05/CySEC-fine.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="CySEC fine" decoding="async" style="float: left; margin-right: 5px;" link_thumbnail="" srcset="https://www.leaprate.com/wp-content/uploads/2021/05/CySEC-fine.jpg 880w, https://www.leaprate.com/wp-content/uploads/2021/05/CySEC-fine-768×463.jpg 768w, https://www.leaprate.com/wp-content/uploads/2021/05/CySEC-fine-730×438.jpg 730w, https://www.leaprate.com/wp-content/uploads/2021/05/CySEC-fine-230×138.jpg 230w, https://www.leaprate.com/wp-content/uploads/2021/05/CySEC-fine-380×228.jpg 380w, https://www.leaprate.com/wp-content/uploads/2021/05/CySEC-fine-88×53.jpg 88w, https://www.leaprate.com/wp-content/uploads/2021/05/CySEC-fine-245×148.jpg 245w, https://www.leaprate.com/wp-content/uploads/2021/05/CySEC-fine-500×301.jpg 500w" sizes="(max-width: 562px) 100vw, 562px" /><p><a href="https://www.leaprate.com/tag/cysec/" target="_blank" rel="noopener">CySEC</a> assessed Freedom Finance Europe’s compliance during that period regarding procedures for client identification, due diligence. Furthermore, the financial markets regulator looked closely at the implementation of appropriate policies and controls for the detailed examination of each transaction and specifically particularly complex unusually large transaction or atypical patterns.</p>
<p>The Cyprus watchdog announced that the company which holds a Cyprus Investment Firm (CIF) license has already paid the settlement amount.</p>
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