Who knows the reason for it?
no knowledge of this, nothing on their website, got a link you can post?
it is a brand new issue which is posted on news tickers right now. I am awaiting more info as well and was just wondering if anyone knows more.
Ok, I saw now… they do not close but they have to pay because of money laundry
fsa.gov.uk/pages/Library/Communication/PR/2010/077.shtml]FSA fines Alpari and its former money laundering reporting officer, Sudipto Chattopadhyay for anti-money laundering failings
Please find below the official statement from Alpari UK (Ltd) relating to the recent announcement from the FSA:
Alpari (UK) has reached a settlement with the FSA relating to a fine received for inadequate procedures for anti-money laundering and financial crime, specifically relating to the period, September 2006 - November 2008.
Alpari (UK) wishes to stress that no clients were impacted financially by this matter and there is no evidence that any financial crime took place.
We have been fully co-operative with the FSA throughout their investigation and implemented all recommendations that have been subsequently presented by external advisors as well as recruiting experienced staff into the affected areas.
As a result, the external advisors have noted that there has been a significant improvement in Alpari (UK)'s procedures since November 2008 and we are satisfied that the necessary actions have been made to ensure we are fully compliant in the future.