The brokerage industry regulator cited gaps in surveillance, customer due diligence, and red-flag escalation across the ...

The Financial Industry Regulatory Authority highlighted persistent failures in firms’ anti-money laundering compliance programs in its 2025 annual regulatory oversight report. The report underscored ...

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LPL Financial has agreed to pay an $18 million civil penalty for the SEC described as significant shortcomings in the firm's anti-money laundering program. The reported violations, which occurred ...

King and Spalding partner Matt Biben and counsel Joshua Roberts discuss the Bank Secrecy Act and evaluate potential reforms, including some under current consideration by Congress, as well as emerging ...

In financial institutions across the United States, there’s a reflex that’s become almost ritual. When a regulator walks in, or a board member asks whether the AML program is working, the answer is ...

Having worked with compliance teams throughout my professional career, I’ve always known them to be critical roles in any organization, yet they are often underappreciated. Unfortunately, commercially ...

U.K. payment company Wise was tagged with a $4.2 million consent order for anti-money-laundering deficiencies following a multistate examination that brought together six state money transmission ...