[ Pobierz całość w formacie PDF ]
mutual fund's personnel or by a qualified outside party;
(3) Designate a person or persons responsible for implementing and
85
monitoring the operations and internal controls of the program;
(4) Provide ongoing training for appropriate personnel; and
(5) Implement appropriate risk-based procedures for conducting ongoing
customer due diligence, to include, but not be limited to:
(i) Understanding the nature and purpose of customer
relationships for the purpose of developing a customer risk
profile; and
(ii) conducting ongoing monitoring to maintain and update
customer information and to identify and report suspicious
transactions.
PART 1026-RULES FOR FUTURES COMMISSION MERCHANTS AND
INTRODUCING BROKERS IN COMMODITIES
9. The authority citation for part 1026 continues to read as follows:
Authority: 12 U.S.C. 1829b and 1951-1959; 31 U.S.C. 5311-5314 and 5316-5332; title
III, sec. 314 Pub. L. 107-56, 115 Stat. 307.
10. Revise 1026.210 in subpart B to read as follows:
1026.210 Anti-money laundering program requirements for futures commission
merchants and introducing brokers in commodities.
A futures commission merchant and an introducing broker in commodities shall be
deemed to satisfy the requirements of 31 U.S.C. 5318(h)(1) if the futures commission
merchant or introducing broker in commodities implements and maintains a written anti-
money laundering program approved by senior management that:
(a) Complies with the requirements of 1010.610 and 1010.620 of this chapter
86
and any applicable regulation of its Federal functional regulator governing the
establishment and implementation of anti-money laundering programs;
(b) Includes, at a minimum:
(1) The establishment and implementation of policies, procedures, and
internal controls reasonably designed to prevent the financial
institution from being used for money laundering or the financing of
terrorist activities and to achieve compliance with the applicable
provisions of the Bank Secrecy Act and the implementing regulations
thereunder;
(2) Independent testing for compliance to be conducted by the futures
commission merchant or introducing broker in commodities
personnel or by a qualified outside party;
(3) Designation of an individual or individuals responsible for
implementing and monitoring the operations and internal controls of
the program;
(4) Ongoing training for appropriate persons;
(5) Appropriate risk-based procedures for conducting ongoing customer
due diligence, to include, but not be limited to:
(i) Understanding the nature and purpose of customer
relationships for the purpose of developing a customer risk
profile; and
(ii) Conducting ongoing monitoring to maintain and update
customer information and to identify and report suspicious
87
transactions; and
(c) Complies with the rules, regulations, or requirements of its self-regulatory
organization governing such programs; provided that the rules, regulations, or
requirements of the self-regulatory organization governing such programs
have been made effective under the Commodity Exchange Act by the
appropriate Federal functional regulator in consultation with FinCEN.
Dated: July 23, 2014.
________________________________________
Jennifer Shasky Calvery,
Director, Financial Crimes Enforcement Network.
(BILLING CODE 4810-02)
[FR Doc. 2014-18036 Filed 07/31/2014 at 11:15 am; Publication Date: 08/04/2014]
88 [ Pobierz całość w formacie PDF ]
zanotowane.pl doc.pisz.pl pdf.pisz.pl szkicerysunki.xlx.pl
mutual fund's personnel or by a qualified outside party;
(3) Designate a person or persons responsible for implementing and
85
monitoring the operations and internal controls of the program;
(4) Provide ongoing training for appropriate personnel; and
(5) Implement appropriate risk-based procedures for conducting ongoing
customer due diligence, to include, but not be limited to:
(i) Understanding the nature and purpose of customer
relationships for the purpose of developing a customer risk
profile; and
(ii) conducting ongoing monitoring to maintain and update
customer information and to identify and report suspicious
transactions.
PART 1026-RULES FOR FUTURES COMMISSION MERCHANTS AND
INTRODUCING BROKERS IN COMMODITIES
9. The authority citation for part 1026 continues to read as follows:
Authority: 12 U.S.C. 1829b and 1951-1959; 31 U.S.C. 5311-5314 and 5316-5332; title
III, sec. 314 Pub. L. 107-56, 115 Stat. 307.
10. Revise 1026.210 in subpart B to read as follows:
1026.210 Anti-money laundering program requirements for futures commission
merchants and introducing brokers in commodities.
A futures commission merchant and an introducing broker in commodities shall be
deemed to satisfy the requirements of 31 U.S.C. 5318(h)(1) if the futures commission
merchant or introducing broker in commodities implements and maintains a written anti-
money laundering program approved by senior management that:
(a) Complies with the requirements of 1010.610 and 1010.620 of this chapter
86
and any applicable regulation of its Federal functional regulator governing the
establishment and implementation of anti-money laundering programs;
(b) Includes, at a minimum:
(1) The establishment and implementation of policies, procedures, and
internal controls reasonably designed to prevent the financial
institution from being used for money laundering or the financing of
terrorist activities and to achieve compliance with the applicable
provisions of the Bank Secrecy Act and the implementing regulations
thereunder;
(2) Independent testing for compliance to be conducted by the futures
commission merchant or introducing broker in commodities
personnel or by a qualified outside party;
(3) Designation of an individual or individuals responsible for
implementing and monitoring the operations and internal controls of
the program;
(4) Ongoing training for appropriate persons;
(5) Appropriate risk-based procedures for conducting ongoing customer
due diligence, to include, but not be limited to:
(i) Understanding the nature and purpose of customer
relationships for the purpose of developing a customer risk
profile; and
(ii) Conducting ongoing monitoring to maintain and update
customer information and to identify and report suspicious
87
transactions; and
(c) Complies with the rules, regulations, or requirements of its self-regulatory
organization governing such programs; provided that the rules, regulations, or
requirements of the self-regulatory organization governing such programs
have been made effective under the Commodity Exchange Act by the
appropriate Federal functional regulator in consultation with FinCEN.
Dated: July 23, 2014.
________________________________________
Jennifer Shasky Calvery,
Director, Financial Crimes Enforcement Network.
(BILLING CODE 4810-02)
[FR Doc. 2014-18036 Filed 07/31/2014 at 11:15 am; Publication Date: 08/04/2014]
88 [ Pobierz całość w formacie PDF ]