Dubai-Based Wall Street Exchange Agrees to Pay More Than $9.2 Million to Resolve Bank Fraud Investigation
22 January 2025 at 12:00
John J. Durham, United States Attorney for the Eastern District of New York and Harry T. Chavis, Jr., Special Agent in Charge, Internal Revenue Service-Criminal Investigation, New York announced today that Dubai-based Wall Street Exchange entered into a non-prosecution agreement with the United States Attorneyβs Office for the Eastern District of New York and the Department of Justiceβs Money Laundering and Asset Recovery Section, and has agreed to pay more than $9 million to resolve a bank fraud investigation into false statements that it made to a U.S. financial institution concerning the anti-money laundering compliance of WSE and its United Kingdom-based subsidiary, Wall Street Forex London Limited.