News & Analysis as of

Office of Foreign Assets Control (OFAC) Customer Due Diligence (CDD) Investment Adviser

Guidepost Solutions LLC

Emerging Expectations from the Latest Enforcement Actions Over Off-Channel Communications

Since December 2021, the U.S. Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC) have levied almost $3.0 billion in penalties for longstanding failures by 39 broker-dealers, swap dealers,...more

BakerHostetler

Warning: SEC Exams and Enforcement Targeting Broker-Dealer AML Compliance

BakerHostetler on

For years, the SEC has focused on broker-dealers complying with all applicable AML and financial sanctions laws and regulations, including the BSA and its implementing regulations. For example, in 2021, the Division issued a...more

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