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[accordions] [/accordions]
Anti-Money Laundering Requirements[accordions] [/accordions]
Know-Your-Client Procedures[accordions] [/accordions]
Monitoring and Reporting[accordions] [/accordions]
Recordkeeping and Testing[accordions] [/accordions]