With investment advisers encouraged to begin filing suspicious activity reports (SARs) as soon as possible upon the issuance of the final anti-money laundering rule, some have wondered, what exactly happens with the reports after they’ve been filed? The SEC’s Enforcement Division has an … Read more
On August 25th, the Treasury Department’s Financial Crimes Enforcement Network (FinCen) proposed minimum standards for anti-money laundering programs of SEC registered investment advisers. Suspicious transaction reports are also among new requirements proposed for SEC registered firms.
ITPP, AML, KYC, OMG! Present Requirements For Investment Advisers Effective Reviews of OFAC Lists IA Best Practices Developing an Identity Theft Prevention Program Broker-Dealer Responsibilities
Compliance Program Deficiencies, AML, Form PF Discover how lax compliance procedures can result in big trouble with the SEC; the possibility of an Anti-Money Laundering Program requirement for investment advisers; and the first in our series of discussions of Form … Read more