Compliance and Regulatory Alerts - 11-29-17

Alert: FINRA Regulatory Notice 17-40

FINRA Issued Regulatory Notice 17-40 on November 21, 2017 to provide guidance to firms regarding Anti-Money Laundering program requirements under FINRA Rule 3310, following the adoption of FinCEN's Final Rule to Enhance Customer Due Diligence (CDD) Requirements for Financial Institutions.

FinCEN’s CDD Rule became effective July 11, 2016. Member firms must be in compliance with its provisions by May 11, 2018.


FINRA Regulatory Notice 17-40


Please also see Bates Group’s recent report on FinCEN's Customer Due Diligence Requirements for Financial Institutions by Bates Expert Susan Berger.


About Bates Compliance Solutions

Bates Compliance Solutions (“BCS”) is a dedicated team of regulatory and compliance consultants that bring unique and tailored solutions to U.S. and global financial firms. 

Please contact Bates Compliance Solutions Managing Director Michael Bernardo to discuss your CDD Rule implementation plan:


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