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FINRA Official Confirms Plan to Clarify AML Expectations

By Daniel Bethencourt

The Financial Industry Regulatory Authority will begin sharing more details from its examinations with brokerages and other firms later this year to clarify its expectations for complying with anti-money laundering protocols and managing risk, an official said Thursday. Susan Axelrod, executive vice president of regulatory operations at FINRA, told attendees of the SIFMA Anti-Money Laundering & Financial Crimes Conference in New York that the planned releases were part of the industry regulator's campaign to collaborate more often with the private sector. "We want to put out what we're seeing in terms of our exams on a more real-time basis," Axelrod...

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