Anti-Money Laundering

Congress is weighing legislation that would require investment advisers and other “gatekeepers” to develop and maintain anti-money laundering policies and procedures. If passed, the ENABLERS ...

The COVID-19 crisis drove up the cost of compliance by nearly $50 billion in the U.S. and Canada, a new report finds. LexisNexis Risk Solutions ...

Ransomware-related SARs filings in the first six months of this year already exceed 2020's total

FinCEN has identified eight priority threat areas that B-Ds should be incorporating into their risk-based AML programs

Although required by LPL’s procedures, the LPL representative never verified that the identification document photograph matched Garcia’s physical appearance before processing the account opening paperwork

Theresa Manderski, first VP, Compliance & AML Officer at Davenport & Company in Richmond, Va., shares a copy of her PowerPoint file used for her ...

OFAC now maintains an online sanctions database that’s more robust than it used to be. There are also numerous commercial databases that offer politically exposed ...

Potentially seismic order will send waves through financial services

The client "contacted GWFS to report receiving a check for approximately $43,000 that he did not request. GWFS’ internal investigation determined that PPB’s personal information ...

Exam findings offer an opportunity for firms to review and enhance their AML programs