The Office of Foreign Assets Control (OFAC), a division of the U.S. Treasury Department has published 5 Frequently Asked Questions addressing compliance obligations for virutal currency transactions. These FAQs define commonly used terms associated with virtual currency such as “digital…
Events & News
Introducing Brokers and FCMs: Increased Customer Due Diligence Now Required
As of May 11, 2018 Introducing Brokers and Futures Commission Merchants will be required to have Customer Due Diligence procedures in place. These procedures must include obtaining information for all owners of legal entities opening accounts. These changes and updates…
CryptoCurrency Forum New York
On April 18, 2018 join us in attending a unique Forum for entrepreneurs, attorneys, finance professionals, investors, fund managers, regulators, and business executives interested in networking within the Crypto currency space. The Forum will be held at the Stewart Hotel…
AML Program Updates for FCMs, Introducing Brokers, & Broker Dealers
Effective May 11, 2018, enhanced Customer Due Diligence (CDD) requirements will be amended for certain financial institutions. This new CDD Rule amends current AML programs and adds a pillar to the current requirements within the AML Program. These updates apply to…