Broker-Dealer Anti-Money Laundering Program: Overview | Practical Law
A Practice Note providing an overview of the basic requirements of an anti-money laundering compliance program that a broker-dealer must establish and maintain under the Bank Secrecy Act and FINRA Rule 3310. This Note outlines the obligations of a broker-dealer under the Office of Foreign Assets Control (OFAC) of the Treasury Department. It also lists the requirements of the FinCEN beneficial ownership rule.