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SEC’s Tougher Enforcement Tack Will Mean Additional AML Penalties: Advisors
By Brian Monore
printPlans by the U.S. securities market regulator to more strictly enforce regulations will result in a jump in anti-money laundering penalties both by the agency and its private sector partner. In a speech Wednesday at an industry forum in Washington, D.C., Mary Jo White, the chair of the U.S. Securities and Exchange Commission (SEC), said that the agency would act as a "strong cop on the beat" going forward. The new tack on enforcement would involve more regularly penalizing firms for minor infractions of financial regulations, she said. "I believe the SEC should strive to be that kind of cop,...
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