Compliance Communications Blog: Training, Best Practices And Tips

FINRA Finds Challenges Remain for Anti-Money Laundering Compliance

Written by Compliance Wave | January 2, 2019 at 3:14 PM

1/2/19: The Financial Industry Regulatory Authority continues to find too many companies struggling to comply with federal anti-money laundering (AML) requirements under FINRA rules, the Bank Secrecy Act, US Treasury regulations, and the Financial Crimes Enforcement Network (FinCen) Customer Due Diligence rule that took effect in May of 2018.  

Although some of the challenges echo those found in the 2017 report from FINRA, the 2018 report notes additional concerns.