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AML Compliance Deadline is Looming

By February 5, 2018October 7th, 2021No Comments


♦Are You Ready for the AML Compliance Deadline?♦

Mark your compliance calendar for May 11! That’s the date on which compliance with new FinCEN Anti-Money Laundering rules (published May 11, 2016) is required.

This deadline is important to note even if your firm has kept up-to-date with previous AML obligations. Training should now cover new Customer Due Diligence requirements regarding legal entity customers and beneficial ownership, and firms should make sure they engage in ongoing CDD.

A just-released article by attorneys Mitch Goldberg and Liz Lyons of Lawrence, Kamin, Saunders & Uhlenhop LLC can help firms prepare for the May 11 deadline.
Read it here.

If your associates need AML training that addresses the new requirements, Exchange Analytics has you covered. Most major broker/dealers and FCMs, as well as members of every major U.S. Exchange, use our services to help meet their regulatory training requirements. Learn more.