Anti-Money Laundering

The Division of Swap Dealer and Intermediary Oversight (DSIO) of the Commodity Futures Trading Commission (Commission) is issuing this advisory to remind futures commission merchants ...

Regulators are raising the bar on AML compliance. Take Raymond James & Associates. Together with an affiliate, it was fined $17 million and saw a ...

The SEC has brought is first-ever case against a brokerage firm for solely failing to file suspicious activity reports. Charged June 1 was Albert Fried ...

From at least August 2010 through October 2015, Albert Fried & Company, LLC (“Albert Fried”), a registered broker-dealer, failed to file Suspicious Activity Reports (“SARs”) ...

Explosive growth at Raymond James between 2006 and 2014 came with a cost. A significant size increase over the eight-year period—from 2,298 registered persons in ...

Brokers, mutual funds, futures commission merchants and commodities introducing brokers have until May 2018 to begin to ask new clients opening accounts who their beneficial ...

FINRA has detected that the nature of AML schemes are changing. “Consideration of your risks as it pertains to AML programs remains a concern for ...

The outcry in the wake of the Panama Papers release has quickly filtered down to investment advisers. Fewer than 24 hours after the release, a ...

On March 21, 2016, the Financial Crimes Enforcement Network (FinCEN) issued an advisory announcing that the Financial Action Task Force (FATF) had updated its list ...

Theresa Manderski, first VP, Compliance & AML Officer at Davenport & Company in Richmond, Va., shares her firm's AML P&P.