Anti-Money Laundering

A peer shared this example of a policy and procedure for anti-money laundering

Constantine Rakkou is the chief financial officer and chief compliance officer for HKW, a private equity firm investing in growth-oriented companies with talented management teams ...

AML compliance failures lead to large fine

Don’t forget your anti-money laundering obligations under the Bank Secrecy Act if you’re engaged in activities involving digital assets. These cautious words come from the ...

Vandham’s AML Policies expressly specified certain “red flags” indicative of potential money laundering or other criminal or unlawful activity. An employee encountering suspicious activity or ...

The guidance clarifies the CIP and BO requirements applicable to introducing brokers (""IBs"") under the Bank Secrecy Act (""BSA""). The guidance provides regulatory clarity to ...

Poll results are in and the verdict sits squarely down the middle—half of a room chock full of private fund professionals anticipate an increased SEC ...

In new guidance released May 6, FINRA is offering nearly 100 anti-money laundering “red flags” that broker-dealers should be watching for. Way back in April ...

Although Wilson’s WSPs identify suspicious activity, list red flags, and describe Wilson’s responsibility to file SARs, Wilson failed to adequately conduct AML reviews and to ...

For two straight years, FINRA has flagged anti-money laundering among its most concerning exam findings (BD Watch, Dec. 20, 2018). But there’s plenty of evidence ...