!!! Overview
[{$pagename}] ([FINRA]) is a private corporation that acts as a [Self-regulatory Organization] ([SRO]). 


[{$pagename}] is the successor to the [National Association of Securities Dealers], Inc. ([NASD]) and the member regulation, enforcement and arbitration operations of the [New York Stock Exchange]. 

[{$pagename}] is a [Non-governmental Organization] that has [Compliance] requirements for member brokerage firms and exchange markets. 


Working under the supervision of the [United States Securities and Exchange Commission], we:

* __Write and enforce rules __governing the ethical activities of all registered broker-dealer firms and registered brokers in the U.S.;
* __Examine [Financial Organizations] for compliance __with those rules;
* __Foster market transparency__; and
* __Educate investors__.


The [United States Federal Agency] which acts as the ultimate [Regulatory Agencies] for the securities industry, including [{$pagename}], is the [United States Securities and Exchange Commission].

!! [Anti-Money Laundering] (AML)[1]
Firms must comply with the [Bank Secrecy Act] and its implementing regulations ("Anti-Money Laundering rules"). The purpose of the [AML] 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.

[FINRA] reviews a firm’s [compliance] with [AML] rules under [FINRA Rule 3310], which sets forth minimum [standards] for a firm’s written [AML] [Regulatory 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.

!! [{$pagename}] Rules
[{$pagename}] Rules are published at [FINRA Rules|https://www.finra.org/rules-guidance/rulebooks/finra-rules|target='_blank']

!! 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