Charles Schwab 2015 Annual Report Download - page 29

THE CHARLES SCHWAB CORPORATION
- 9 -
Financial Service Regulation
Bank Secrecy Act of 1970 and USA PATRIOT Act of 2001
CSC and its subsidiaries that conduct financial services activities are subject to the Bank Secrecy Act of 1970 (BSA), as
amended by the USA PATRIOT Act of 2001, which requires financial institutions to develop and implement programs
reasonably designed to achieve compliance with these regulations. The BSA and USA PATRIOT Act include a variety of
monitoring, record-keeping and reporting requirements (such as currency transaction reporting and suspicious activity
reporting), as well as identity verification and client due diligence requirements which are intended to detect, report and/or
prevent money laundering and the financing of terrorism. In addition, CSC and various subsidiaries of the Company are
subject to U.S. sanctions programs administered by the Office of Foreign Assets Control.
For additional information on Regulation, please see “Item 7 – Management’s Discussion and Analysis of Financial
Condition and Results of Operations – Liquidity” and “Capital Management,” and “Item 8 – Financial Statements and
Supplementary Data – Notes to Consolidated Financial Statements – 23. Regulatory Requirements.”
Available Information
The Company files annual, quarterly, and current reports, proxy statements, and other information with the SEC. The
Company’s SEC filings are available to the public over the Internet on the SEC’s website at http://www.sec.gov. You may
read and copy any document that the Company files with the SEC at the SEC’s Public Reference Room at 100 F Street, NE,
Washington, DC 20549. You may obtain information on the operation of the Public Reference Room by calling the SEC at
1-800-SEC-0330.
On the Company’s website, http://www.aboutschwab.com, the Company posts the following filings after they are
electronically filed with or furnished to the SEC: the Company’s annual reports on Form 10-K, the Company’s quarterly
reports on Form 10-Q, the Company’s current reports on Form 8-K, and any amendments to those reports filed or furnished
pursuant to Section 13(a) or 15(d) of the Securities Exchange Act of 1934.
In addition, the Company’s website also includes the Dodd-Frank stress test results for Schwab Bank and the Company’s
regulatory capital disclosures based on Basel III.
All such filings are available free of charge either on the Company’s website or by request via email
([email protected]), telephone [phone]), or mail (Charles Schwab Investor Relations at 211 Main Street,
San Francisco, CA 94105).
Item 1A. Risk Factors
The Company faces a variety of risks that may affect its operations or financial results, and many of those risks are driven by
factors that the Company cannot control or predict. The following discussion addresses those risks that management believes
are the most significant, although there may be other risks that could arise, or may prove to be more significant than
expected, that may affect the Company’s operations or financial results.
For a discussion of the Company’s risk management, including operational risk, credit risk, market risk, liquidity risk,
compliance risk, and legal risk, see “Item 7 – Management’s Discussion and Analysis of Financial Condition and Results of
Operations – Risk Management.”
Developments in the business, economic, and geopolitical environment could negatively impact the Company’s
business.
The Company’s business can be adversely affected by the general environment – economic, corporate, securities market,
regulatory, and geopolitical developments all play a role in client asset valuations, trading activity, interest rates and overall
investor engagement, and are outside of the Company’s control. Deterioration in the housing and credit markets, reductions