United States:
FINRA Proposes Amending Customer Due Diligence Requirements For Capital Acquisition Brokers
26 September 2018
Cadwalader, Wickersham & Taft LLP
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FINRA proposed amending its anti-money laundering
("AML") program for capital acquisition brokers. The
amendment would require risk-based procedures for conducting
ongoing customer due diligence. The proposal conforms
FINRA Rule 331 to the Financial Crimes Enforcement Network
("FinCEN")
Customer Due Diligence Rule ("CDD Rule") that went
into effect on May 11, 2018.
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