What's New
- Department of the Treasury, Amendment to the Bank Secrecy Act Regulations - Impostion of Special Measure Against VEF Banka, as a Financial Institution of Primary Money Laundering Concern - pdf, July 13, 2006
- SEC (Release No. 34-54120; File No. SR-DTC-2005-14), Self-Regulatory Organizations; The Depository Trust Company; Order Approving a Proposed Rule Change Relating to Compliance with Regulations Administered by the Office of Foreign Assets Control - pdf, July 10, 2006
- FinCEN Issues Final Rule Requiring Mutual Funds to Report Suspicious Activity - May 3, 2006
- Remarks of Lori A. Richards, Director, Office of Compliance Inspections and Examinations, Securities and Exchange Commission at the 2006 Anti-Money Laundering Compliance Conference - March 29, 2006
- SIA Comments on the Social Security Administration's December 30, 2005 Federal Register Notice (Vol. 70, No. 250) Regarding its Consent Based Social Security Number Verification Process - February 28, 2006, pdf 5.0
- NASD Notice to Members 06-07: SEC Approves Amendments to Anti-Money Laundering Compliance Program Rule and Adoption of Interpretive Material; Effective Date: March 6, 2006 - February 2006
On December 28, 2005, the SEC approved amendments to NASD Rule 3011 and the adoption of IM-3011-1 and IM-3011-2. The amendments and new interpretive material require a firm to conduct an independent test of its anti-money laundering compliance program on an annual basis (with the exception of certain types of firms), clarify the persons not considered to be independent for purposes of the independent testing requirement, and require a firm, on a quarterly basis, to review and, if necessary, update the information regarding the firm's AML compliance person. The new rule text and interpretive material are contained in Attachment A and are effective on March 6, 2006. Read Full Notice - pdf 5.0
- Federal Register: New York Stock Exchange, Inc.: Order Approving Proposed Rule Change and Notice of Filing and Order Granting Accelerated Approval to Amendment No. 1 to the Proposed Rule Change To Amend Rule 445 - January 25, 2006, pdf
Rule 312 - Foreign Correspondence and Private Banking Accounts
- FinCEN Guidance on the Application of the Section 312 Rules to Certain Introduced Accounts and Give-up Arrangements in the Futures Industry - pdf 5.0, June 5, 2006
- FinCEN Response Letter Re: Request for Guidance Regarding the Application of the Section 312 Rules Requiring Special Due Diligence Programs for Certain Foreign Accounts - pdf 5.0, May 2, 2006
- Federal Register, Vol. 71, No. 61, Rules and Regulations: Financial Crimes Enforcement Network; Anti-Money Laundering Programs; Special Due Diligence Programs for Certain Foreign Accounts – pdf, March 30, 2006
- Association Letter to FinCEN Re: Proposed Regulation That Would Implement Certain Provisions of Section 312 of the USA PATRIOT Act Dealing With Anti-Money Laundering - March 6, 2006, pdf 5.0
- SIA and FIA Request Extension From FinCen to Implement Due Diligence Provisions for New Accounts Under Rule 312 of the USA Patriot Act - March 3, 2006, pdf 5.0
- SIA and FIA Request From FinCen Clarification of Due Diligence Provisions for New Accounts Under Rule 312 of the USA Patriot Act - February 23, 2006, pdf 5.0
Customer Identification Programs
CIP Guidance
Suspicious Activity Reporting (SAR)
