!!! Overview[1]
[{$pagename}] ([AML]) is Part of the [Financial Industry Regulatory Authority Inc]'s [Bank Secrecy Act]

[{$pagename}] purpose for the rules is to help detect and report suspicious activity including the predicate offenses to money laundering and terrorist financing, such as securities fraud and market manipulation.

[Financial Industry Regulatory Authority Inc] reviews a firm’s compliance with [AML] rules under [FINRA Rule 3310], which sets forth minimum standards for a firm’s written [AML] [compliance] program. The basic tenets of an [AML] compliance program under FINRA 3310 include the following.
* The program has to be approved in writing by a senior manager.
* It must be reasonably designed to ensure the firm detects and reports suspicious activity.
* It must be reasonably designed to achieve compliance with the AML Rules, including, among others, having a risk-based customer identification program (CIP) that enables the firm to form a reasonable belief that it knows the [true identify of its customers|Know Your Customer].
* It must be independently tested to ensure proper implementation of the program.
* Each [FINRA] member firm must submit contact information for its [AML] [Compliance] Officer through the [FINRA] Contact System (FCS).
* Ongoing training must be provided to appropriate personnel.

[{$pagename}] is considered a [Know Your Customer] regulation.

!! More Information
There might be more information for this subject on one of the following:
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* [#1] - [Anti-Money Laundering|https://www.finra.org/industry/aml|target='_blank'] - based on information obtained 2017-02-11