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 said Monday it fined Credit Suisse Securities (USA) LLC $16.5 million for anti-money laundering and supervision violations. * FINRA says it fines Credit Suisse unit $16.5 million for significant deficiencies in its anti-money laundering program * FINRA says fine is imposed against Credit Suisse Securities (USA) LLC * FINRA says […]