FINRA amended its anti-money laundering policy to specifically require ongoing customer due diligence. The policy will be implemented on May 11, 2018.
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FINRA proposed amending its anti-money laundering rules to codify requirements under FinCEN's Customer Due Diligence Rule. The Rule goes into full effect on May 11, 2018.
FINRA revised the anti-money laundering template that small member firms may use in developing their compliance programs. The new template reflects FinCEN's new customer due diligence requirements.
A broker-dealer settled charges with the SEC and FINRA for failure to supervise and file Suspicious Activity Reports concerning numerous suspicious transactions.
In an annual Regulatory and Examination Priorities Letter, FINRA identified major areas of focus for 2018.