JORDEN BURT ALERT: FINRA Fines Online Broker $1 Million for Inadequate AML Procedures January 7, 2009
Online brokers using manual systems to monitor suspicious securities transactions for anti-money laundering (AML) compliance may need to rethink their approach in light of FINRA's recently announced administrative action involving two units of E*Trade Financial Corporation.
To read the Client Alert, click below:
FINRA Fines Online Broker $1 Million for Inadequate AML Procedures
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