Anti-Money Laundering

FinCEN proposes to amend its AML rules. Among other things, should this proposal be finalized, it would require broker-dealers and other financial institutions to review ...

Given the alarm sounded by a new report from the Treasury Department about the risks that IAs pose to money laundering, you could be left ...

Among other things, this proposal would mandate that advisers must verify a customer’s or an entity’s identity 'within a reasonable time before or after the ...

You have until July 22 to comment on this joint SEC/FinCEN proposal that would require SEC-registered investment advisers and exempt reporting advisers to implement a ...

"It is difficult to envision a money laundering concern that should be addressed with these activities, and it is unreasonable to require advisers to implement ...

"The proposed rule is designed to make it more difficult to use false identities to establish customer relationships with investment advisers"

This is the joint SEC/FinCEN proposal that would require SEC RIAs to maintain a CIP or customer identification program

"The regulatory gap described, therefore, is more optical than substantive; closing it amounts to little more than grade-grubbing"

Proposed anti-money laundering rules will land hardest on private fund managers but the industry may only be able to blunt the impact, not avoid it

The FINRA AML enforcement action demnonstrates the SRO's practice of "progressive discipline"