Up to date AML software can protect banks from regulatory and reputational fines
LONDON, 3 February, 2009 – SMA Financial (www.sma.co.uk), SWIFT Regional partner for UK, Eire and Channel Islands today recommended that, despite the current economic uncertainty created by the global credit crunch, financial institutions and corporates still need to remain vigilant over the threat [...]

Firms Failed To Adequately Monitor For Suspicious Trading Activity
The Financial Industry Regulatory Authority (FINRA) announced today that it has imposed a $1 million fine against E*Trade Securities, LLC and E*Trade Clearing, LLC, collectively, for failing to establish and implement anti-money laundering (AML) policies and procedures that could reasonably be expected to detect and cause [...]

Janney Montgomery Scott LLC (“Janney”), a leading full-service wealth management, financial services and investment banking firm headquartered in Philadelphia, PA, announced today the appointment of Robert J. Thielmann to the role of chief information officer (CIO), senior vice president, and member of the firm’s management committee. Bob will lead Janney’s information technology organization that manages [...]