Satisfy the FINRA Requirement with our CAMS Specialists
S.D. Daniels & Co., LLC (“SDDco-LLC”), a subsidiary of DFP Partners, provides independent testing of the Anti-Money Laundering (AML) programs of FINRA member broker-dealers and other financial institutions.
After our independent, in-depth review to test conformity with applicable AML mandates, SDDco-LLC determines if your firm maintains and implements proper and effective AML policies and procedures. Upon completion of the testing process, we will provide a written report on findings and recommendations, including: details of the manner and method of your firm’s internal AML compliance testing; an assessment of firm compliance with your AML supervisory system and AML WSP; a summary of the gaps discovered; and identification of the changes your firm needs to enhance the effectiveness of your AML compliance program.
Our testing professionals are Certified AML Specialists (CAMS) and members of the Association of Certified Anti-Money Laundering Specialists (ACAMS).
The scope of the AML test performed is tailored to emphasize the aspects of AML requirements most relevant to the business operations of your firm. In this manner, SDDco-LLC tests the firm’s AML Compliance Program and the business practices that pose the highest degree of risk.
The Bank Secrecy Act applies to all broker-dealers, and while not currently required by the SEC, investment advisers may also need AML testing services. We have a variety of experiences to draw upon for both.
Our services ensure your business stays in compliance with key SEC rules and regulations: