Anti-Money Laundering

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 ...

The amount of FINRA fines, sanctions, cases, and industry bars were all down in 2017 when compared with the prior year, according to the recent ...

A peer shares the firm's policy regarding reporting of Foreign Bank and Financial Accounts. As of this time, investment advisers aren't mandated to report FBARs.

Merrill Lynch’s decision late last year to pay $26 million to settle allegations relating to its anti-money laundering program shows the problems large firms face ...

From a compliance perspective, anti-money laundering programs have always drawn special attention. AML was recently highlighted by FINRA in its first-ever consolidated exam findings report ...

From at least 2011 to 2015 (the “relevant period”), Merrill Lynch had anti-money laundering (“AML”) policies and procedures that were not reasonably designed to account ...

FINRA has released its first consolidated findings from recent examinations, delivering on a pledge made by the SRO’s President/CEO Robert Cook at the start of ...

Shortly after the arrival of new management, the Surveillance and Investigations group began receiving conflicting and confusing directions on when and whether to file certain ...