Anti-Money Laundering

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 ...

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 ...