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Alan Markfeld profile picture
Alan Markfeld
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Dharmi is an excellent securities lawyer who understands the law as it pertains to these cases. She is extremely proactive and represents her clients well. I highly recommend Jacko and Dharmi.
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Danielle Martin profile picture
Danielle Martin
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I’ve had the privilege of working closely with this firm in my role as Chief Compliance Officer and I can confidently say they are an exceptional compliance partner. Their depth of experience is immediately evidentand they bring a level of practical knowledge. What I truly enjoy is their ability to translate complex regulatory requirements into plain English, often using real, everyday examples that make implementation far more manageable. They are also incredibly responsive and reliable. In a field where timing matters, their prompt communication and thoughtful guidance have been invaluable. If you’re looking for a compliance attorney who combines expertise, clarity, and professionalism, I highly recommend them.
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Curt Rocca profile picture
Curt Rocca
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Michelle and the team at Jacko Law Group have helped guide through a variety of critical circumstances as we ventured through the uncharted and unfamiliar territory of becoming and successfully operating as an RIA. I have particularly appreciated Michelle's personal involvement and genuine caring about us and our organization. She has been responsive and her counsel has been consistently on-point and helpful. She artfully guided us through our initial filing process and first SEC exam process - which went very well. Very grateful to Michelle and her team.
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Nicholas Di Paolo profile picture
Nicholas Di Paolo
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Michelle and her team were excellent to work with, front to back. They helped me to understand the challenges ahead and were always proactive in their consultation through every step of my transition. JLG truly know the wealth management industry very well and did a great job of understanding the challenges unique to my business. Without them, I can confidently say I would not have felt as comfortable through the transition as I did. Fortunately, that's not something that stops there - Michelle and her team have kept in touch to ensure that I'm on top of certain administrative issues, trends, and simply showing me that they care about my business and success. I look forward to continuing to work with them for many years to come.
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Margery Neis profile picture
Margery Neis
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Dharmi Mehta was extremely helpful when my business partner and I transitioned to a new RIA firm. She and her staff were all very professional. Her guidance during our transition was invaluable. I highly recommend Dharmi and Jacko Law Group.
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Joseph Burwell profile picture
Joseph Burwell
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Dharmi and Amandeep were a delight to work with. They assisted me with a claim and stuck with me the entire way through. Dharmi's advice was invaluable, and I was most impressed by her clear and professional communication. From beginning-to-end, both Dharmi and Amandeep kept me well informed. Their entire team are proud of their work and rightfully so. Thank you!
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Faruk Jaffer profile picture
Faruk Jaffer
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My mentor once told me that a good attorney is worth their weight in gold — and that couldn't be more true of Michelle and Amanda. Their expertise, professionalism, and responsiveness were top notch every step of the way. It's rare to find legal partners who are not only sharp and thorough, but also genuinely invested in your success. I’m grateful for their guidance and highly recommend them to anyone seeking trusted legal counsel.
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everistus etafo profile picture
everistus etafo
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It is my great Privilege to share my Review of what Atty Dharmi Mehta of Jacko Law Group did for me and by extension for my family. From the first time complimentary conversation we had having spoken to several other Lawyers ,l knew she was the right person for the Job .Because of her background as a former RR ,she was professional,kind, Empathetic,listened and was focused on fighting for me. From a potential of been terminated with cause ,l was able to walk away with a clean U5 with a validation that l did nothing wrong except what was in the best Interest of my clients. I hope nobody ever has to go through what l have Experienced, but if you do ,you want Dharmi Mehta beside you .Rest assured your service Deserve 10 stars but this forum only allows 5. Me and my family are forever grateful and will make sure that any RR who needs an advocate will know about you . Everistus Etafo
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Karen Althaus
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I have worked with Jacko Law Group for 2 different business situations that necessitated an attorney. In both cases, the team was very thorough & competent. Their attention to our situation and the extra effort they put into our case(s) was very much appreciated. I would highly recommend Jacko Law Group!

Anti-Money Laundering Regulatory Counsel Services

At Jacko Law Group, we provide strategic, actionable guidance to help financial institutions and investment firms meet their regulatory obligations with confidence. Our comprehensive AML compliance services are a cornerstone of our broader compliance offerings, designed to protect your firm, your clients, and your reputation.

 

Navigating Suspicious Activity Reports (SARs) with Confidence

Filing a Suspicious Activity Report (SAR) is not just a regulatory obligation, it’s a legal judgment call that can have significant implications. Knowing when to file, what to include, and how to properly document suspicious activity requires more than training, it requires experienced legal counsel.

Services

  • Determining if an activity meets the threshold for SAR filing
  • Drafting and reviewing of SARs to ensure clarity and compliance
  • Establishing internal protocols for suspicious activity and reporting
  • Independent AML policy testing and
  • Training staff to recognize red flags and document appropriately
  • Responding to regulatory inquiries or examinations involving SARs
  • Representation in FINRA, SEC, and FinCEN matters

 

SEC Registered Investment advisers, Exempt Reporting Advisers, Broker-Dealers and others in the financial industry are subject to a range of AML requirements, which are designed to detect and prevent money laundering and other fraudulent financial activity, including the financing of terrorist acts.

It is crucial for businesses to recognize that AML compliance is a priority. They must implement and adopt protocols and practices tailored to their business’ objectives and risk profile.

At Jacko Law Group, our professionals bring unique insight as former investment advisers, broker-dealers, and seasoned compliance attorneys. We understand firsthand the operational pressures and regulatory expectations firms face. Our team provides strategic guidance across AML program design, SAR obligations, and regulatory readiness, ensuring your compliance program is both effective and meets AML compliance requirements.

DID YOU KNOW?

AML requirements are established under several laws including:

Bank Secrecy Act (BSA) – 1970
The BSA is the foundation of AML regulations in the country and sets requirements for recordkeeping and reporting of certain transactions and suspicious activity such as Suspicious Activity Reports (SARs) and Currency Transaction Reports (CTRs) to FinCEN.

USA PATRIOT Act – 2001
The PATRIOT ACT, enacted in response to 9/11, expands requirements of the BSA for certain financial institutions to include Customer Identification Programs (CIP) and Enhanced Due Diligence (EDD), and encourages information sharing between financial institutions, and with federal agencies.

Anti-Money Laundering Act (AML) – 2020
The Anti-Money Laundering Act of 2020 (AMLA) introduced the most sweeping AML/CFT reforms in decades. The AML was enacted to enhance financial transparency, strengthen enforcement against illegal finance, and modernize risk-based AML compliance programs by requiring beneficial ownership disclosure, promoting whistleblower protections, and aligning U.S. regulations with global anti-money laundering standards.

 2024 AML Rulemaking Updates
 In 2024, FinCEN further expanded the AML rule to include:

  1. Mandatory Risk Assessments
  2. Extension of AML Obligations to Investment Advisers
  3. Demonstration of Program Effectiveness Requirements
  4. Greater Transparency on SAR Use
  5. Technology and Innovation Support

Corporate Transparency Act (CTA) – Effective 2024
A key provision of the AML Rule, the CTA requires certain companies to report beneficial ownership information to FinCEN. This improves transparency and helps law enforcement track illicit actors hiding behind shell companies.

FinCEN’s AML Rule on Investment Advisers – Effective January 1, 2025
In a significant expansion of AML obligations, FinCEN finalized a rule in 2024 requiring SEC-registered investment advisers (RIAs) and exempt reporting advisers (ERAs) to establish AML programs, conduct customer due diligence (CDD), and file SARs. Compliance is required by January 1, 2026.

These evolving laws reflect the government’s increasing focus on risk-based AML compliance frameworks that are tailored, proactive, and continuously monitored.

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Why Choose Jacko Law Group?

Jacko Law Group is one of the nation’s leading Business and Securities law firms. Founded and run by leading Regulatory and Compliance attorney Michelle L. Jacko, Esq., the firm has almost two decades of experience helping businesses with their legal needs, from complex disputes and compliance counsel to effective securities litigation.