SIE practice questionmediumReporting AML compliance failures
Which report must be filed if a broker-dealer's AML program is found to be deficient during an audit?
- ASAR
- BFINRA Rule 4530 report✓ Correct answer
- CCTR
- DForm U5
Explanation
Why B — FINRA Rule 4530 report
Material compliance failures, such as AML deficiencies, must be reported to FINRA under Rule 4530.
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