Anti-Money Laundering

If your firm offers retail clients international money transfer services, brace for the possibility that you could be covered under a new Consumer Financial Protection ...

As the SEC prepares to release any day now new rules on general solicitation following passage of the JOBS Act (see related story), you may ...

Three years after it scuttled a proposal to require investment advisers to create an anti-money laundering program (IA Watch, Nov. 2, 2008), FinCEN appears headed ...

The Securities and Exchange Commission’s (“Commission”) National Exam Program (“NEP”) has identified the master/sub-account trading model as a vehicle that could be used to further ...

This is a Suspicious Activity Report or a SAR, a document advisers may wish to file with the government to alert it of possible money ...

In walks through your firm's door a qualified prospective client who differs from the rest in one way - he's a foreign national living in ...

For years, the SEC has periodically reissued an expiring no-action letter for broker-dealers who rely upon investment advisers' customer identification programs (CIP) with nary a ...

If you're a compliance officer for a mutual fund, you have an additional four months to meet FinCEN's deadline for developing an AML program and ...

There's no formal requirement that investment advisers maintain an anti-money laundering program but if you have one, you can bet examiners are going to comb ...

Click here to open a Word file that is a template for a small firm's AML program featuring compliance and supervisory procedures.