Anti-Money Laundering

Rule proposals open private funds' year of living dangerously

A new proposed rule invites financial companies to participate in a pilot project holding firms to share their SARs information with their foreign branches, subsidiaries ...

'Train's moving,' expert warns

Wedbush’s WSPs provided that, if any of the above warning signs appears, a registered representative should bring it to the attention of the Wedbush Sales ...

Unregistered private funds have targets on their back

Firms should consider the source of the client’s funds and the jurisdiction in which the client is located, among other factors. If a client is ...

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