Regulatory enforcement in the anti-money laundering (AML) space has once again demonstrated that non-compliance is far costlier than compliance. The Financial Crimes Enforcement Network (FinCEN) has imposed a $37 million penalty on Brink’s Global Services USA, Inc for facilitating $800 million in bulk cash shipments without adequate AML controls.
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By Lee Rossini
In the financial advice business, asking the right questions is just as important as providing sound recommendations. The ability to ask smart questions enhances client trust, uncovers essential details, and ultimately leads to better financial outcomes. By applying the following guidelines, advisors can foster more meaningful discussions, uncover clients' true needs, and build long-term relationships.
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