US Securities Law Briefing: FINRA Quadruples Its List of Money Laundering “Red Flags”

The Financial Industry Regulatory Authority (“FINRA”) recently issued a notice, Regulatory Notice 19-18, substantially supplementing the existing list of “red flags” for broker-dealers to consider incorporating into their anti-money laundering (“AML”) compliance programs. Firms should carefully review this notice as it sheds light on which circumstances FINRA expects AML professionals to conduct further investigation.  FINRA Rule 3310 (Anti-Money Laundering Compliance Program) requires each F
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