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What are securities firms required to do by federal law to eliminate money laundering?

April 26, 2017Eliminate Federal firms laundering Law money securities

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What are securities firms required to do by federal law to eliminate money laundering?

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Since 1970, broker-dealers have been subject to certain federal anti-money laundering laws imposing reporting and record-keeping requirements. The Bank Secrecy Act Of 1970 contains the principal anti-money laundering rules for broker-dealers.