SEC Releases Anti-Money Laundering Source Tool for Broker-Dealers
The Securities and Exchange Commission today announced the availability of a useful compliance tool to assist broker-dealers in their anti-money laundering (AML) compliance efforts. The "AML Source Tool", which can be found on the SEC's website at: www.sec.gov/about/offices/ocie/amlsourcetool.htm, compiles and organizes key AML statutes, regulations and related guidance applicable to broker-dealers and provides links to these materials.
For example, the AML Source Tool includes links to statutes, regulations and source documents on the Bank Secrecy Act, USA PATRIOT Act, AML Compliance Programs, Customer Identification Programs, Due Diligence Programs for Private Banking Accounts, Suspicious Activity Reports and OFAC sanctions programs and other restricted party lists.
While the AML Source Tool is geared to broker-dealers, financial institutions and other entities subject to AML obligations will find this site useful.
|posted by Douglas N. Jacobson| Permalink 
