Anti-Money Laundering Archives - Page 4 of 4

AML-CIP Requirements for Private Placement Transactions

Posted on July 5, 2016September 18, 2018 by SCM Communications

The world of private placement transactions is one that is highly scrutinized by both FINRA and the SEC. It seems that with all of the Ponzi schemes and actions for misappropriation of investor monies, private placement transactions are always on the regulators’ exam priorities lists. With that in mind, it is imperative that firms participating in such offerings ensure that their compliance programs are kept current and up-to-date. However, an garageband for windowsarea that is often overlooked in such compliance preparation is the Anti-Money Laundering (“AML”) / Customer Identification Program (“CIP”) process. Read More…

AML Requirements for Investment Advisers

Posted on June 24, 2016July 17, 2018 by SCM Communications

The U.S. Treasury Department’s Financial Crimes Enforcement Network (“FinCEN”) has proposed rulemaking that would require registered investment advisers to establish anti-money laundering (“AML”) programs and to file suspicious activity reports (“SARs”). The new requirements, as proposed, may impose significant regulatory burden on certain investment advisers. In this blog post, we provide a summary of the proposal to help your firm assess the potential impact, if any, the new requirements would have on your firm’s business. We conclude by providing, as a reminder, a list of the limited AML requirements that currently apply to investment advisers. Read More…

Customer Identification Program (CIP) – Part II

Posted on June 23, 2016October 15, 2018 by SCM Communications

We have updated this post! We are leaving this post up as to not disturb any saved links; however, please visit our more recent post, Customer Identification Program (CIP): Definitions and Requirements, for current information on the topic. Read More…

Customer Identification Program (CIP) – Part I

Posted on June 23, 2016October 15, 2018 by SCM Communications

Anti-Money Laundering Compliance: The Basics

Posted on June 4, 2016October 4, 2018 by SCM Communications

We have updated this post! We are leaving this post up as to not disturb any saved links; however, please visit our more recent post, FINRA Rule 3310: Anti-Money Laundering Compliance Program, for current information on the topic.