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Anti-Money Laundering

  • Additional Resources

    • Financial Crimes Enforcement Network (FinCEN), which administers the BSA and is charged with safeguarding the financial system from the abuses of financial crime, including terrorist financing, money laundering, and other illicit activity has delegated authority to issue regulations requiring financial institutions to keep records and file reports on certain financial transactions and is the primary source of the information set out above. FinCEN's website provides general information and updates about AML and the BSA relevant to all financial institutions. FinCEN also issues advisories that pertain to transactions involving certain jurisdictions.
    • National Futures Association (NFA), a registered futures association, issues AML rules applicable to its membership, provides regulatory updates concerning BSA amendments relevant to the futures industry and offers an AML Procedures System for use by member firms in developing an AML program that addresses the risk attendant to the member firm’s business.
    • Financial Industry Regulatory Authority (FINRA), a national securities association, issues AML rules applicable to its membership, details the AML requirements applicable to members, provides AML regulatory updates, and offers an Anti-Money Laundering Template to assist small firms in developing its AML program.
    • The Federal Financial Institutions Examination Council (FFIEC) Bank Secrecy Act/Anti-Money Laundering (BSA/AML) Examination Manual, which sets forth the BSA/AML examination standards applicable to banking institutions.
    • Interpol, a global police organization working to combat money laundering and terrorist financing.
    • Council of Europe, a European organization focused on protecting human rights, democracy, and rule of law in Europe. See Treaty No. 141 - Convention on Laundering, Search, Seizure and Confiscation of the Proceeds from Crimes.