The Financial Industry Regulatory Authority (FINRA) has fined Florida-based Raymond James & Associates, Inc. (RJA) $8 million and Raymond James Financial Services, Inc. (RJFS) $9 million for failures in anti-money laundering (AML) compliance. According to the regulator, the fines are a result of an investigation which revealed that for several years, RJA and RJFS were unable to deliver a sufficiently robust AML compliance program.
MyComplianceOffice will exhibit their powerful software-as-a-service solution at the ninth-annual, Shared Assessments Summit in Baltimore, MD this week. The summit gathers high-level, international executives from all industries to compare and discuss the latest in best practices around third-party due diligence.
