SEC Evaluating the First Law of Robotics natlawreview.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from natlawreview.com Daily Mail and Mail on Sunday newspapers.
In Short
The Situation: The Securities and
Exchange Commission s Division of Examinations
( EXAMS ) released a Risk Alert on March 29, 2021, reminding
broker-dealers of their obligation to comply with anti-money
laundering ( AML ) requirements imposed by the Bank
Secrecy Act ( BSA ) and related regulations in
particular, those relating to the filing of Suspicious Activity
Reports ( SARs ).
The Result: The Risk Alert highlighted
deficiencies observed by EXAMS and encouraged broker-dealers to
review and improve their AML policies, procedures, and controls
related to the monitoring and reporting of suspicious activity.
Looking Ahead: The Alert, together with
EXAMS 2021 Examination Priorities, signals a continuing focus
by the SEC on AML issues. To diminish the possibility of an
Legal Disclaimer
You are responsible for reading, understanding and agreeing to the National Law Review s (NLR’s) and the National Law Forum LLC s Terms of Use and Privacy Policy before using the National Law Review website. The National Law Review is a free to use, no-log in database of legal and business articles. The content and links on www.NatLawReview.com are intended for general information purposes only. Any legal analysis, legislative updates or other content and links should not be construed as legal or professional advice or a substitute for such advice. No attorney-client or confidential relationship is formed by the transmission of information between you and the National Law Review website or any of the law firms, attorneys or other professionals or organizations who include content on the National Law Review website. If you require legal or professional advice, kindly contact an attorney or other suitable professional advisor.
SEC Division Of Examinations Announces 2021 Priorities | Tonkon Torp LLP jdsupra.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from jdsupra.com Daily Mail and Mail on Sunday newspapers.
Securities and Exchange Commission’s Division of Examinations announced its examination priorities for 2021. SEC Enforcement priorities include a greater focus on climate-related risks, conflicts of interests for brokers and investment advisers, and attendant risks related to FinTech.