FINRA Amends Anti-Money Laundering Rule to Comply With Treasury Program

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May 3, 2018

The Financial Industry Regulatory Authority has amended Rule 3310, its Anti-Money Laundering Compliance Program rule, to reflect the Treasury Department’s Financial Crimes Enforcement Network’s (FinCEN) adoption of a final rule on Customer Due Diligence Requirements for Financial Institutions.

According to FINRA’s Regulatory Notice 18-19, released Thursday, broker-dealers should ensure that their AML programs are updated and comply with the CDD Rule by May 11, 2018.