FINRA has fined UBS Financial Services $20 million for anti-money laundering failures, including more than 60,000 foreign currency wires totaling over $10 billion that were not reasonably monitored.
Read more →FinCEN, the SEC and FINRA have penalized Canaccord Genuity in what FinCEN called the largest Bank Secrecy Act penalty ever imposed on a broker-dealer. The findings read like a checklist of under-resourced AML programs.
Read more →FINRA announced today that it has fined Raymond James & Associates $17 Million for failures related to their
Read more →FINRA’s Executive Vice President of enforcement Brad Bennett highlighted two trends that FINRA is seeing in enforcement during
Read more →FINRA has published its Annual Examination Priorities letter for 2016. This is an annual letter for all FINRA
Read more →In the recent Technology Tools for Today conference hosted by Investment News on November 2nd in Florida, Big
Read more →Fidelity Investments was fined $500,000 by FINRA and ordered to pay $530,000 in restitution to clients for not
Read more →Is your firm spending enough on compliance? That has been one of the main questions over the last
Read more →I read through OFAC’s Enforcement Information for November (https://www.treasury.gov/resource-center/sanctions/CivPen/Documents/20151124_Barracuda.pdf) and found this interesting and a different twist to
Read more →The first question regulators often ask during an initial examination interview is ‘do you have a risk based
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