July 6, 2016

CFTC Staff Issues Advisory Reminding Commission Registrants of Compliance Requirements Regarding Suspicious Activity Reporting and Economic Sanctions Programs

Washington, DC — The U.S. Commodity Futures Trading Commission’s (CFTC) Division of Swap Dealer and Intermediary Oversight today issued a Staff Advisory to remind Futures Commission Merchants and Introducing Brokers of their compliance obligations to report suspicious activities to the Financial Crimes Enforcement Network, a bureau of the U.S. Department of Treasury.

In addition, the Staff Advisory reminds all CFTC registrants of their compliance obligations regarding economic sanctions programs against countries and groups of individuals administered by the Office of Foreign Assets Control (OFAC), another office within the U.S. Department of Treasury.

The Staff Advisory provides a brief outline of the requirements of suspicious activity reporting and the requirements of OFAC.

See the Staff Advisory under Related Links.

Last Updated: July 6, 2016