4.16.2007 The SEC announced that a new compliance tool is available to assist with anti-money laundering (AML) compliance efforts by broker-dealers.
Broker-dealers have compliance obligations under statutory and regulatory provisions and related rules of securities self-regulatory organizations (SROs). The AML Source Tool, developed by the SEC's Office of Compliance Inspections and Examinations (OCIE), compiles and organizes key AML laws, rules and related guidance applicable to broker-dealers and provides links to these materials to promote easy accessibility.
Although the SEC has not proposed or adopted AML rules applicable to investment advisers or hedge funds, many advisers, however, have voluntarily adopted AML procedures. In addition, mutual funds are subject to AML rules.
Please click http://www.sec.gov/about/offices/ocie/amlsourcetool.htm to access the AML tool.