INDUSTRY NEWS

FATF-identified jurisdictions updated by FinCEN

Alist of jurisdictions having strategic AML/CFT deficiencies was re-issued by FATF. FCMs and IBs need to incorporate this list into their AML programs. The release is available on FinCEN's website.

FINRA's online testing requirements for futures industry proficiency exams changed

FINRA's interim accommodation process ended as of June 9, 2023. Individuals who can request online administration of Series 3, Series 30, Series 31, Series 32, and Series 34 exams are now limited to those with underlying health conditions/immunocompromised (increased risk of severe illness) or those living more than 150 miles from a testing center.

NFA Announces Multi-Factor Authentication (MFA) for system logins

NFA Announces Multi-Factor Authentication (MFA) for system logins All NFA systems will be updated on May 1, 2023. The updates will include adding MFA to the current username and password login credentials. MFA will be via time-based one-time passcodes delivered by e-mail, text, or an authentication app. Enrollment in MFA will be prompted for upon first login to an NFA system on or after the rollout phase date. Those interested in attending an educational webinar (on Thursday, April 27 at 9:00 a.m. CT) demonstrating the MFA login process must pre-register here. NFA's FAQs have MFA requirement information listed, and a transcript and archive of the webinar will also be posted on NFA's web site in late May.