AML Vulnerabilities in the Brokerage Sector

AML Vulnerabilities in Luxury Goods

AML SPOTLIGHT REPORT

For years authorities across the world have been warning that the brokerage sector is increasingly becoming a target for criminals looking to legitimise the proceeds of crime. 

Following a series of recent high-profile cases, financial regulators are now taking an even greater interest in the sector’s compliance with anti-money laundering (AML) and combatting the financing of terrorism (CFT) legislation. 

As a direct result, stockbrokers and broker-dealers are running out of time. Firms that fail to invest sufficient time and resources into their AML and CFT compliance frameworks run the risk of punitive fines, regulatory intervention, as well as serious reputational damage. 

To ensure your business doesn’t fall foul of any new national and international legislation and regulatory requirements, we have taken an in-depth look into the issue to help you to identify any weaknesses in your existing compliance framework. 
  
In this brand-new industry report, we examine: 

- Where stockbrokers and broker-dealers may be vulnerable to AML risk 
- The current regulatory environment in the UK, EU, and US 
- The requirements for customer due diligence (CDD) and enhanced due diligence (EDD) 
- Screening for sanctions, ultimate beneficial owners (UBOs), and politically exposed persons (PEPs) 
- How to ensure compliance with AML regulations
  
Download this valuable compliance analysis today. 

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