On October 16th FINRA released its 2019 Report on Examination Findings and Observations. FINRA specifically identified issues relating to firms’ Anti-Money Laundering (“AML”) programs in their findings, including challenges with transaction monitoring systems used to detect and report suspicious activity. In addition, firms are relying to heavily on their clearing firm for monitoring transactions and suspicious activity. The Bank Secrecy Act (“BSA”) requires firms to monitor, detect and report suspicious activity to the U.S. Treasury’s Financial Crimes Enforcement Network. Further, FINRA Rule 3310 requires that members develop and implement a written AML program designed to comply with the requirements of the BSA. Does your firm comply with the BSA? Have you reviewed your AML Compliance Program? F|G has former federal agents on staff that are trained to review, revise and implement AML programs to keep your firm compliant with the BSA.