US and UK regulators continue to focus on enforcement actions against institutions and individuals for violations of anti-money laundering (AML) laws and regulations, and the trend is intensifying. A review of recent US and UK enforcement cases reveals common themes financial institutions might consider when establishing or assessing the effectiveness of AML programs. Specifically, regulators […]

The Financial Industry Regulatory Authority [FINRA] fined Credit Suisse Securities (USA) LLC $16.5 million for anti-money laundering and supervision violations. FINRA is the biggest independent regulator for all securities firms doing business in the United States. Last year it brought 1,512 disciplinary actions against registered brokers and firms and levied $95 million in fines. Credit […]