AML in the Spotlight: Compliance Risks for Broker-Dealers and Investment Advisers
Walsh, John H. & Mavico, Cecilia Baute
Abstract
In light of regulators' renewed attention, this article discusses recent events, reviews AML enforcement actions against securities firms, and identifies the compliance risks they suggest. The article concludes that the time has come for broker-dealers and advisers alike to take a holistic view of compliance and their AML risks, and to prepare for enhanced oversight and regulation.