Anti-Money Laundering Compliance Programs

NASD Regulation, Inc., has filed with the SEC a proposed rule change to adopt new Rule 3011. As further discussed below, the USA PATRIOT Act requires financial institutions, including broker/dealers, by April 24, 2002, to establish and implement anti-money laundering compliance programs designed to ensure ongoing compliance with the requirements of the Bank Secrecy Act and the regulations promulgated thereunder. The proposed rule change prescribes the minimum standards required for each member firm’s anti-money laundering program.

TitleFormat - SizeStatus
Text of Proposed Rule ChangePDF - 37.88 KB
Federal Register NoticePDF - 47.35 KB
Response to CommentsPDF - 82.7 KB
Approval OrderPDF - 49.72 KB