SIFMA Anti-Money Laundering Conference - Touched All Our Bases
The annual SIFMA AML two-day conference proved to be educational and timely for Bedford and Main’s CEO, John Foster. The conference highlighted the upcoming changes to Beneficial Ownership reporting requirements by FinCEN . These are significant new regulations that will affect every Broker-Dealer that Bedford and Main services for their annual independent AML test, as required by FINRA .
As relevant, other topics included areas that directly related to Bedford and Main’s core consulting practices. These included reviewing AML responsibilities between introducing brokers and clearing brokers, and FINRA compliance and enforcement issues. There was also a session highlighting AML issues specific to senior exploitations, a very hot topic for securities litigations.
All in all, it was a productive and informative couple of days, keeping the firm in touch with current issues.