Anti-Money Laundering

Last week new FinCEN Director Jennifer Shasky Calvery made it official. In a speech in New York she said her agency "has been working closely ...

Signs point to a new regulation coming your way that would require investment advisers to create an anti-money laundering program. If you're feeling a sense ...

In one recent instance, a hacker posed as a client and persuaded an investment advisory firm to send three wires totaling $290,000 to an account ...

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 ...