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New AML Rules and Best Practices to Avoid Enforcement Action and Fines for Broker Dealers

Learn more by downloading your copy of the Guide to Anti-Money Laundering for US Broker Dealers

Regulators have found that broker-dealer firms are not doing enough to comply with anti- money laundering (AML) requirements. That’s why in January 2022, Financial Industry Regulatory Authority (FINRA) released Rule 4111 in which a firm may be designated as "Restricted" and as a result penalties may be imposed. Broker-dealers were advised to modify or update their AML program to comply with FINRA’s Priorities.

This Guide to Anti-Money Laundering for US Broker Dealers provides practical guidance for firms looking to bolster or revamp their risk management processes.

Broker-dealer firms have used this guide to highlight areas of focus when conducting an annual gap review and internal audit. You can use this guide to:

  • Assess your AML program to ensure it meets the latest regulatory requirements
  • Evaluate risks specific to digital currency, low-priced stocks, currency conversion and
    suspicious trading and others
  • Help avoid enforcement actions, fines and penalties for AML program failures
  • Ensure you have an effective governance, accountability, and escalation structures

Read this AML Guide to tailor your risk management processes to the most current anti-money laundering landscape and apply best practices.

Simply fill out the form to get your copy today.

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Disclaimer: This is for general information only. The information presented does not constitute legal advice. ComplyAdvantage accepts no responsibility for any information contained herein and disclaims and excludes any liability in respect of the contents or for action taken based on this information.

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