Anti-Money Laundering

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 ...

Staff at C.L. King & Associates, a New York-based broker-dealer, knew that the unidentified hedge fund manager who opened joint accounts with terminally ill persons ...

We have often recounted the painful downside of inadequate AML systems (BD Watch, March 16, 2017). Here’s a little good news in the form of ...

Meyers Associates violated Securities Act Section 5 by engaging in the Stock Sales on behalf of Barton and Goode without first performing a reasonable inquiry ...