Anti-Money Laundering

The same week that the Supreme Court dealt a blow to the SEC’s ALJ system, lawyers filed a challenge over whether the agency has the ...

Even as one firm challenges the SEC’s right to enforce Bank Safety Act violations (see related story), the Commission has filed a federal lawsuit in ...

New customer due diligence rules became effective May 11, and by all accounts, the industry is still standing (BD Watch, April 26, 2018). But are ...

The National Futures Association is concerned that a number of futures commission merchants and introducing brokers have failed to provide anti-money laundering training and/or conduct ...

Thanks to the Financial Action Task Force’s 40 recommendations for how to attack anti-money laundering, you can find great similarities in the approaches favored by ...

The requirements placed on Chardan Capital Markets CCO/AML director were clearly spelled out in the New York-based brokerage firm’s anti-money laundering policies and procedures. The ...

Chardan, a registered broker-dealer, failed to file Suspicious Activity Reports (“SAR” or “SARs”) when it knew, suspected, or had reason to suspect that certain penny ...

Chardan, a registered broker-dealer, failed to file Suspicious Activity Reports (“SAR” or “SARs”) when it knew, suspected, or had reason to suspect that certain penny ...

Broker-dealers’ should ensure their anti-money laundering programs are updated, as necessary, by May 11 to comply with the Financial Crimes Enforcement Network’s rule on Customer ...

Shortcomings in its anti-money laundering program have dealt a New York-based dual registrant an enforcement double whammy. On March 28, both FINRA and the SEC ...