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Category: Financial Advisory
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Raymond James Financial Inc. agreed to pay $17 million for "significant systemic" failures in complying with anti-money-laundering requirements, regulators said Wednesday.

The financial advisory firm's former compliance officer, Linda Busby, also agreed to leave the industry for three months and pay a $25,000 fine as part of the deal, the latest example of regulators targeting of compliance officials over alleged lapses.

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