Navy Capital Green pays US$150,000 to SEC over AML assertions and undocumented controls

Navy Capital Green Management LLC, a US investment adviser, has agreed to accept a US$150,000 civil penalty from the Securities and Exchange Commission (SEC) to settle charges that it misrepresented its voluntary conduct of anti-money laundering due diligence, and, when registered with the Commission, failed to institute adequate written compliance policies and procedures.

Navy Capital Green Management LLC (NCG), a US investment adviser, has agreed to accept a US$150,000 civil penalty from the Securities and Exchange Commission (SEC) to settle charges that it misrepresented its voluntary conduct of anti-money laundering due diligence, and, when registered with the Commission, failed to institute adequate written compliance policies and procedures.