Client Alert: SEC Issues Alert Encouraging Broker-Dealers to Strengthen Anti-Money Laundering Compliance

On March 29, 2021, the SEC’s Division of Examinations issued a risk alert reminding broker-dealers of their anti-money laundering (AML) obligations. The alert comes on the heels of SEC examinations uncovering deficiencies in some firms’ AML policies and practices, and highlights broker-dealers’ duties under the Bank Secrecy Act (BSA) to establish and implement policies designed to identify suspicious transactions and to file Suspicious Activity Reports (SARs). The risk alert is only the latest step by the SEC to emphasize the importance of AML issues to the broker-dealer community and likely confirms the SEC will continue to focus on this issue. This client alert examines the SEC’s historical focus, a recent SEC litigation victory enforcing these provisions, and the key takeaways from the risk alert.

To read the full alert, please click here

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© 2026 Jenner & Block LLP. Attorney Advertising. Jenner & Block LLP is an Illinois Limited Liability Partnership including professional corporations. This publication, presentation, or event is not intended to provide legal advice but to provide information on legal matters and/or firm news of interest to our clients and colleagues. Readers or attendees should seek specific legal advice before taking any action with respect to matters mentioned in this publication or at this event. The attorney responsible for this communication is Brent E. Kidwell, Jenner & Block LLP, 353 N. Clark Street, Chicago, IL 60654-3456. Prior results do not guarantee a similar outcome. Jenner & Block London LLP, an affiliate of Jenner & Block LLP, is a limited liability partnership established under the laws of the State of Delaware, USA and is authorised and regulated by the Solicitors Regulation Authority with SRA number 615729. Information regarding the data we collect and the rights you have over your data can be found in our Privacy Notice. For further inquiries, please contact dataprotection@jenner.com.

Client Alert: SEC Issues Alert Encouraging Broker-Dealers to Strengthen Anti-Money Laundering Compliance

On March 29, 2021, the SEC’s Division of Examinations issued a risk alert reminding broker-dealers of their anti-money laundering (AML) obligations. The alert comes on the heels of SEC examinations uncovering deficiencies in some firms’ AML policies and practices, and highlights broker-dealers’ duties under the Bank Secrecy Act (BSA) to establish and implement policies designed to identify suspicious transactions and to file Suspicious Activity Reports (SARs). The risk alert is only the latest step by the SEC to emphasize the importance of AML issues to the broker-dealer community and likely confirms the SEC will continue to focus on this issue. This client alert examines the SEC’s historical focus, a recent SEC litigation victory enforcing these provisions, and the key takeaways from the risk alert.

To read the full alert, please click here

Related Locations

© 2026 Jenner & Block LLP. Attorney Advertising. Jenner & Block LLP is an Illinois Limited Liability Partnership including professional corporations. This publication, presentation, or event is not intended to provide legal advice but to provide information on legal matters and/or firm news of interest to our clients and colleagues. Readers or attendees should seek specific legal advice before taking any action with respect to matters mentioned in this publication or at this event. The attorney responsible for this communication is Brent E. Kidwell, Jenner & Block LLP, 353 N. Clark Street, Chicago, IL 60654-3456. Prior results do not guarantee a similar outcome. Jenner & Block London LLP, an affiliate of Jenner & Block LLP, is a limited liability partnership established under the laws of the State of Delaware, USA and is authorised and regulated by the Solicitors Regulation Authority with SRA number 615729. Information regarding the data we collect and the rights you have over your data can be found in our Privacy Notice. For further inquiries, please contact dataprotection@jenner.com.

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