Know Your Customer (KYC) and Anti-Money Laundering (AML) procedures are essential components of a robust compliance framework for financial institutions worldwide. These procedures help to prevent ...

On 13 May 2024, the Securities and Exchange Commission (SEC) and the US Department of Treasury’s (DoT) Financial Crimes Enforcement Network (FinCEN) jointly proposed rulemaking to implement Section ...

Financial services in a non-face-to-face format are actively being integrated into our lives and, like any new phenomenon, are introducing new concepts and terms. The idea that KYC and AML are ...

A detailed to-do list for SEC-registered firms to build a foundation for compliant and effective anti-money laundering protocols.

The U.S. Securities & Exchange Commission ("SEC") recently announced settled charges against an investment adviser for misrepresentations regarding its anti-money laundering ("AML") procedures and ...