AML Red Flags: Account Opening and After
I saw this yesterday and wanted to share as it provides some great guidance not only to our advisors, but to the home office staff on Red Flags to review/be cognizant of regarding possible illegal activities in accounts.
While the home office makes a reasonable effort to review client activity, we need everyone's assistance in this process. So, if you see activity that potentially fits one of these categories, please give me a call or send me an email to discuss further as we may have an obligation to report it. Please take a moment to review the attached document and if you have any questions, feel free to give me a call discuss.
Some good news - FINRA, at this time, will not be visiting any branch offices. They will be in Decatur starting on Monday for the next 2 weeks. We appreciate your understanding in advance as we may not be as accessible or responsive as we normally are to your requests. Have a great weekend!
AML - September 2016 Red Flags.pdf