Anti-Money Laundering

These proceedings arise out of Respondent’s failure to perform his responsibilities as the anti-money laundering (“AML”) officer of a registered broker-dealer, resulting in the broker-dealer ...

Filing thousands of Suspicious Activity Reports per year doesn’t necessarily mean your Bank Secrecy Act compliance program hits all of its marks. Alpine Securities Corporation, ...

There is a price to pay for ignoring compliance mandates. Despite repeated warnings, restrictions and prohibitions from compliance, a former Morgan Stanley Smith Barney top ...

The SEC's complaint alleges that Alpine Securities Corporation routinely and systematically failed to file SARs for stock transactions that it flagged as suspicious. When it ...

Recently, a top FINRA official observed that broker-dealers “have more work to do” when it comes to their anti-money laundering compliance programs (BD Watch, Feb. ...

At the beginning of the year, FINRA signaled in its 2017 examination priorities letter that it has enhanced its risk-based surveillance and examination programs to ...

There is more “work to do” when it comes to broker-dealers’ anti-money laundering compliance programs, according to a senior FINRA official. In an address at ...

In January, the SEC shouted from the rooftops that it remains laser-focused on money laundering and brokerage firms’ AML programs. The Commission’s 2017 exam priorities ...

In addition, regarding the same penny-stock transactions as well as others, Meyers Associates repeatedly violated Exchange Act Section 17(a), and Rule 17a-8 thereunder, by failing ...

A “listening tour” commenced last August by then new FINRA president/CEO Robert Cook will bear fruit this year. Based on feedback that broker-dealers would like ...