Anti-Money Laundering

Continued AML program failures have now ratcheted up the penalties imposed on Oppenheimer & Co. tenfold. The New York-based dual registrant will pay a total ...

More than 10 years later and the beat goes on. The SEC’s Division of Trading and Markets has again extended its “no-action” position—first taken in ...

The stakes involved with anti-money laundering compliance keep getting higher with ever-increasing fines and even individual liability for CCOs. Witness the record-setting case last year ...

This is the 2015 rendition of the biannual no-action letter from the SEC's Division of Trading & Markets allowing broker-dealers through the customer identification (CIP) ...

In your letter dated January 5, 2015, you request assurances that the staff of the Division of Trading and Markets will not recommend enforcement action ...

Compliance officers should take note of the FinCEN lawsuit filed last month against Thomas Haider, the former CCO at MoneyGram. The regulator seeks a court ...

Each registered open-end company is subject to the requirements of 31 U.S.C. 5318(l) and the implementing regulation at 31 CFR 103.131, which requires a customer ...