ARTICLE
25 October 2018

FINRA Amends Customer Due Diligence Requirements For Capital Acquisition Brokers

HL
Hogan Lovells Cadwalader

Contributor

Hogan Lovells Cadwalader is a global law firm trusted by clients to deliver on complex, high-stakes matters.

Operating at the intersection of business, finance, and government, we bring an unwavering commitment to client service and the decisive counsel that helps clients achieve exceptional results.

Consistently recognized for innovation across legal services, we combine sharp judgment with deep commercial perspective and intellectual rigor to address critical, cutting-edge challenges.

With 3,100 lawyers worldwide, we offer global scale with strong local insight in the markets that matter most. Our commitment extends beyond client work through pro bono activities, community investment, and responsible business practices.

A proposed amendment to FINRA's anti-money laundering ("AML") program requirements for capital acquisition brokers is now effective ...
United States Government, Public Sector
Hogan Lovells Cadwalader are most popular:
  • within Government, Public Sector, Intellectual Property and International Law topic(s)

A proposed amendment to FINRA's anti-money laundering ("AML") program requirements for capital acquisition brokers is now effective with an implementation date of November 19, 2018.

As previously covered, the amendment requires capital acquisition brokers to include in their AML programs risk-based procedures for conducting ongoing customer due diligence. The amendment conforms FINRA Rule 331 to the Financial Crimes Enforcement Network Customer Due Diligence Rule that went into effect on May 11, 2018.

[View Source]

Mondaq uses cookies on this website. By using our website you agree to our use of cookies as set out in our Privacy Policy.

Learn More