Law and Government White Papers
Broker-Dealers - Are you ready for the Patriot Act?
Overview Since the signing of the U.S. Patriot Act into Law in September 2001, anti money laundering (AML) compliance has become increasingly difficult to ignore for financial service institutions, and specifically for broker-dealers. As the intensity of scrutiny is only likely to increase over time, it is imperative that broker-dealers start planning for AML compliance with both short and long-term implications in mind. Good AML compliance is insurance worth having. Consequently, a proactive approach to AML compliance coupled with a willingness to invest for the long term will help broker-dealers deal effectively with new regulations and regulatory agencies. Since the range of AML technology solutions vary from simple filtering to the more sophisticated "intelligent" solutions, investing the time in understanding the trade-offs beyond the basics of cost of implementation is worthwhile. AML compliance is surely one area where broker-dealers around the world cannot afford to let their guard down.
| Publisher | Wipro ltd | File Format | HTML & PDF |
|---|---|---|---|
| Date Published | November 2002 | Downloads | 20 |
| Format | White Papers | ||
| Topics | |||
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