Anti-Money Laundering

2004 was the first year that the SEC granted broker-dealers relief under Exchange Act rule 17a-8 (financial recordkeeping and reporting of currency and foreign transactions) ...

As to the reasonableness of a broker-dealer's reliance on an investment adviser, we understand that broker-dealers seeking to rely on the no-action position taken in ...

FINRA’s laser focus on the adequacy of broker-dealers’ anti-money laundering programs continues unabated. The SRO’s AML Investigative Unit identified “significant” AML program deficiencies during an ...

You’ve got a lot to worry about when it comes to staying alert to potential exploitation of your senior clients. Don’t overlook filing a Suspicious ...

Here’s an appealing anti-money laundering compliance model for a small broker-dealer. Focus on a few high-level objectives. Position your compliance officer within earshot of your ...

Yaffar-Pena knew of the existence of the affiliate account and that non-U.S. citizens were trading on their own behalf through the account. In her role ...

A dramatic increase in the fines reported by FINRA during the first-half of 2016 has the SRO poised to shatter its record-setting year of 2014 ...

For a third consecutive year, cybersecurity remains the hottest compliance topic among investment advisers. Nearly 9 out of 10 IAs regard the safeguarding of critical information ...

The CFTC has issued a new staff advisory reminding all registrants of their obligation to “regularly” review the economic sanctions programs and the Department of ...

The Division of Swap Dealer and Intermediary Oversight (DSIO) of the Commodity Futures Trading Commission (Commission) is issuing this advisory to remind futures commission merchants ...