On April 4, 2016, FinCEN announced a proposal to amend the Bank Secrecy Act (“BSA”) definition of broker-dealers to include “funding portals,” that is, online crowdfunding platforms involved in offering or selling securities.
The rule is not yet final; the comment period is open until June 3, 2016. If adopted, however, funding portals would be required to comply with the full array of BSA requirements applicable to broker-dealers, including implementing and maintaining effective anti-money laundering and anti-terrorist financing (“AML/CFT”) controls, developing and implementing an effective AML/CFT compliance program, maintaining certain customer and transaction records, and reporting suspicious transactions to the government.
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This year, National Library Week is celebrating library transformation. The Library Relations team here at PLI is aware that many libraries are undergoing their own transformations from print to digital and we’re here to help! Schedule a Discover PLUS demo or training at any time.
Happy National Library Week from the librarians at PLI! We have librarians filling various roles across our Legal Information Services (LIS), IT, and Customer Service departments.
Photo details: back row from left to right: Andrew Lissenden; Alexa Robertson; Cory Goetze; Elizabeth Beller; Olivene White; Zehava Brickner; Emma Kelly; Alexandra Stoilas. Front row from back to right: Lauren Allshouse; Jennifer Stefanic; Christina Davis; Samantha Sumulong; Katie Hut.