Raymond James fined $17 Million for AML & Prior AMLCO Fined and Suspended
FINRA announced today that it has fined Raymond James & Associates $17 Million for failures related to their
Read more →anti money laundering compliance
FINRA’s 2016 Examination Priorities and Technology
FINRA has published its Annual Examination Priorities letter for 2016. This is an annual letter for all FINRA
Read more →Big Data, Broker Dealers and Regulators
In the recent Technology Tools for Today conference hosted by Investment News on November 2nd in Florida, Big
Read more →KYC Red Flag Automation
Fidelity Investments was fined $500,000 by FINRA and ordered to pay $530,000 in restitution to clients for not
Read more →How much does your firm spend on Compliance … is it enough?
Is your firm spending enough on compliance? That has been one of the main questions over the last
Read more →OFAC Enforcement and the monitoring of IP addresses
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 →Do you have a Risk Based Program?
The first question regulators often ask during an initial examination interview is ‘do you have a risk based
Read more →Compliance Officers and Personal Liability Report and What Compliance Officers Can Do.
Are you a compliance officer feeling threatened with increased personal risk, you’re not alone. Thomson Reuters recently published the
Read more →Are Debit Card transactions flying under your firm’s AML radar?
Debit card transactions should be included in AML programs. This added data increases the burden of review resulting in the need for automated compliance software such as FinWebTech’s Catalyst Compliance Solution.
Read more →7 Simple tips for Cyber-Security for Broker Dealers and RIAs
Cyber-Security is a hot topic with the SEC and FINRA. Regulators have announced their examinations will include Cyber-Security and some
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