Most introducing brokers (“IBs”) view their Anti-Money Laundering (“AML”) obligations quite minimally but this can be a monumental mistake. Generally IBs believe their AML responsibilities are limited to ensuring a compliance manual is on file and that annual AML training has been completed by necessary employees. This belief is typically the result of customer accounts…...
Common Mistakes, Introducing Brokers and AML Procedures
- Post published:August 6, 2013
- Post category:Compliance / Legal