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Posted 11-10-04 Q. How harsh will be NASD be if they find weaknesses in my Business Continuity Plan?

April 26, 2017Business continuity harsh NASD Plan posted weaknesses

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10 Posted

Posted 11-10-04 Q. How harsh will be NASD be if they find weaknesses in my Business Continuity Plan?

1 Answer

0

10 Posted

A. I can’t predict what the NASD will or will not do. They understand that new rules take time to develop and an honest effort at complying provides some leeway. However, word on the street is they are no longer being lenient with sloppy AML procedures. Make sure you have them tight.