Publications

Anti-Money Laundering

November 2010
Practitioner's Guide for Broker-Dealers, Complinet

The "Anti-Money Laundering" chapter of the book Practitioner's Guide for Broker Dealers discusses the major provisions of the Bank Secrecy Act of 1970 ("BSA"), as amended by the USA PATRIOT Act of 2001 ("PATRIOT Act"), and the implementing regulations that impose significant AML requirements on broker-dealers. This chapter also summarizes sanctions programs administered by the U.S. Treasury Department's Office of Foreign Assets Control ("OFAC"), which target, among others, terrorists and certain high-level money launderers.