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Violation Tracker Individual Record

Company: CHS Hedging LLC
Current Parent CompanyCHS Inc.
Parent at the Time of the Penalty Announcement subscribe to see this data field
Penalty: $6,500,000
Year: 2022
Date: December 20, 2022
Offense Group: financial offenses
Primary Offense: anti-money-laundering deficiencies
Secondary Offense: financial institution supervision failures
Violation Description: The Commodity Futures Trading Commission settled charges against registered futures commission merchantCHS Hedging LLC, of Inver Grove Heights, Minnesota, for anti-money laundering (AML), risk management, recordkeeping, and supervision violations. These violations were primarily a result of CHS Hedging failing to implement an adequate AML program, particularly as applied to a futures and options trading account controlled by one of its customers. In addition, CHS Hedging failed to implement risk-based limits concerning trading by that customer.
Level of Government: federal
Action Type: agency action
Agency: Commodity Futures Trading Commission
Civil or Criminal Case: civil
HQ Country of Current Parent: USA
HQ State of Current Parent: Minnesota
Ownership Structure of Current Parent: cooperative
Major Industry of Current Parent: agribusiness
Specific Industry of Current Parent: agribusiness
Source of Data(click here)
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Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.