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Hummmm !!!! SEC Staff Announces Availability of Anti-Money Laundering Compliance Tool
Washington, D.C., April 16, 2007 - The Securities and Exchange Commission's staff today announced the availability of a new compliance tool to assist anti-money laundering (AML) compliance efforts by broker-dealers.




(Media-Newswire.com) - Washington, D.C., April 16, 2007 - The Securities and Exchange Commission's staff today announced the availability of a new compliance tool to assist anti-money laundering ( AML ) compliance efforts by broker-dealers. The "AML Source Tool" is on the Commission's website at: http://www.sec.gov/about/offices/ocie/amlsourcetool.htm

Broker-dealers have compliance obligations under statutory and regulatory provisions and related rules of the 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.

"We're hoping that this AML Source Tool will assist broker-dealers with their AML compliance efforts," said Lori Richards, Director of OCIE. "It puts all AML requirements in one easy-to-reference location. While we initially developed the Source Tool for our own SEC examiners, we think it also will be an invaluable reference tool for broker-dealers and their internal AML compliance staff."

The Commission's staff appreciates the assistance it received from the staff of the U.S. Treasury Department's Office of the Financial Crimes Enforcement Network ( FinCEN ) and Office of Foreign Assets and Control ( OFAC ), as well as from the NASD and NYSE.




http://media-newswire.com:80/release_1047880.html