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SEC Extends AML No-Action Letter

Extending the effectiveness of the no-action position it took in 2016, the SEC Division of Trading and Markets granted relief to certain broker-dealers that rely on registered investment advisers for compliance with anti-money laundering (i) Customer Identification Program Rules and (ii) Beneficial Ownership Requirements.

Primary Sources

  1. SEC Division of Trading and Markets No-Action Letter: Request for No-Action Relief under Broker-Dealer Customer Identification Program Rule and Beneficial Ownership Requirements for Legal Entity Customers (December 12, 2018)
  2. SEC Division of Trading Markets No-Action Letter: Request for No-Action Relief under Broker-Dealer Customer Identification Program Rule and Beneficial Ownership Requirements for Legal Entity Customers (December 12, 2016)

Tags

Regulated Activities
AML Compliance
Regulated Entities
Broker-Dealers
Body of Law
Securities Law
Jurisdiction
US - Federal
Organization
SEC