AML Red Flags for the Securities Industry: Using FINRA’s Guidance
Featured Speakers :
Becki is the Compliance Officer for CSI, Inc. where she serves as a compliance consultant both internally and with CSI’s clients which include money services businesses, insurance, FinTech and banks. She is a frequent speaker on financial crime at domestic and international events. Prior to joining CSI, she served as the Chief AML Officer for one of the largest networks of independent broker-dealers in the United States. Her team was responsible for reviewing and investigating activity across the financial crime spectrum including AML, fraud, and sanctions. Becki has also served as an Associate Director and Lead Compliance Trainer for FINRA®. FINRA® is the largest independent regulator of the securities industry in the United States. She developed and delivered training and provided guidance and consultation on open examinations and investigations specific to fraud and AML. She possesses 20 years of financial services experience including 8 years in the banking industry. Becki is a member of the CFCS Charter Class. She is an alumnus of Penn State University.
Complimentary for ACFCS members, non-members $50
The last couple of years have seen AML enforcement actions come at a brisk pace in the securities sector, with FINRA, the SEC and other regulators bringing a flurry of cases and driving home the importance of strong fincrime compliance.
Further supporting this focus is FINRA’s Regulatory Notice 19-18, Guidance to Firms Regarding Suspicious Activity Monitoring and Reporting Obligations. Issued in May 2019, the Notice is the first substantial guidance on detailed red flags from FINRA since 2002, and as such is required reading for AML professionals in the securities space.
Led by an expert in fincrime compliance, this session will explore the lessons from the Notice and how it can support robust AML programs. Attendees will learn:
- Key red flags and suspicious activity highlighted in the guidance
- How the guidance provides insights into FINRA’s expectations around suspicious activity monitoring, investigations and reporting
- How to utilize the Notice in your monitoring and investigative programs
- And more
This session is eligible for one CFCS credit.
Important note for ACFCS members: Please register using the same email associated with your member account.