On July 6, 2016, the CFTC Division of Swap Dealer and Intermediary Oversight 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. 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. The staff advisory provides a brief outline of the requirements of suspicious activity reporting and the requirements of OFAC.

The CFTC staff advisory is available at: http://www.cftc.gov/idc/groups/public/@lrlettergeneral/documents/letter/16-60.pdf