Important Note
There is currently no federal or state rule that specifically requires investment advisers to develop and implement anti-money laundering policies and procedures. However, both federal and state regulators expect an adviser to implement at least some basic anti-money laundering procedures. These frequently asked questions (and answers) address a wide-range of anti-money laundering issues. Not all of these issues, however, will be applicable to every investment adviser. Accordingly, an adviser will need to pick and choose those elements of an anti-money laundering program that best fits the risk profile of their advisory business and client base.
Anti-Money Laundering Basics
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Anti-Money Laundering Requirements
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Know-Your-Client Procedures
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Monitoring and Reporting
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Recordkeeping and Testing
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Important Information
The information contained in this Frequently Asked Questions is only a summary and is not intended to be a comprehensive analysis of the rules and regulations applicable to registered investment advisers. It is not intended to constitute legal or compliance consulting advice or apply to any one investment adviser’s particular situation. For more information, please see our Terms of Use.