Anti-Money Laundering

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 ...

This matter involves anti-money laundering (“AML”) compliance failures at Aegis Capital Corporation (“Aegis” or “the firm”) by Eugene Terracciano (“Terracciano”), who served as the firm’s ...

This matter involves the conduct of two senior persons in connection with anti-money laundering (“AML”) compliance failures at Aegis Capital Corporation (“Aegis” or “the firm”), ...

From at least late 2012 through early 2014, Aegis, a registered broker-dealer, failed to file Suspicious Activity Reports (“SARs”) on hundreds of transactions when it ...