U.S. Securities and Exchange Commission staff today announced the availability of a new compliance tool to assist anti-money laundering compliance efforts by broker-dealers.

It notes that broker-dealers have compliance obligations under statutory and regulatory provisions and related rules of the securities self-regulatory organizations. The AML Source Tool, developed by the SEC’s Office of Compliance Inspections and Examinations, 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 tool is on the commission’s website at:
http://www.sec.gov/about/offices/ocie/amlsourcetool.htm