The Treasury Department urged financial institutions to be on alert for malicious or fraudulent transactions, and to notify FinCEN of any potential delays in submitting Suspicious Activity Reports.
FINRA proposed amending its anti-money laundering program for capital acquisition brokers. The amendment would require risk-based procedures for conducting customer due diligence.
The National Futures Association proposed amending its anti-money laundering program to include ongoing customer due diligence requirements.
FINRA amended its anti-money laundering policy to specifically require ongoing customer due diligence. The policy will be implemented on May 11, 2018.