Anti-Money Laundering

When senior SEC officials call out the critical importance of broker-dealers’ anti-money laundering programs it’s time to pay attention. This time the message was delivered ...

For the first time in 10 years, the Treasury Department has released anti-money laundering and terrorist financing risk assessments. On June 12, Treasury published its ...

Even Little Red Riding Hood didn’t cry wolf this much. FinCEN’s at it again – moving closer to proposing an AML rule for investment advisers. ...

Large settlements may get most of the attention. But they hardly do justice to the breadth of AML enforcement actions taking place.   After last ...

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 ...