SEC emphasizes AML measures for low-priced securities in omnibus accounts
Regulators highlight the importance of robust compliance as complex offshore networks raise new money laundering risks for broker-dealers.
The SEC has reinforced anti-money laundering requirements for financial institutions handling low-priced securities through omnibus accounts, emphasizing enhanced scrutiny of transactions that may involve foreign intermediaries.
Financial institutions must assess risks in low-priced securities transactions via omnibus accounts, including potential enhanced due diligence on foreign intermediaries, according to regulatory guidance.
The enforcement focus addresses ongoing concerns about money laundering through layered offshore accounts and nested financial relationships that have drawn attention across financial markets.
Regulatory priorities continue emphasizing scrutiny of anti-money laundering programs for broker-dealers handling omnibus accounts linked to foreign financial institutions, reflecting broader compliance expectations for 2025.