This Checklist Will Help You:
- Learn more about KYC - Know Your Customer
- Ensure Online Account AML Compliance
- Give You Due Diligence Guidance
About AML Compliance
AML Compliance is required - learn ways to protect your firm when clients open accounts online
We give you the tools and provide testing
Broker-dealers have the regulatory obligation to conduct an annual independent Anti-Money Laundering (“AML”) audit. Oyster will compare your firm’s written policies and procedures, actual practices and books and records to the requirements and regulations of the USA PATRIOT Act, the Bank Secrecy Act, FINRA Rule 3310 and industry best practices, by testing records using risk-based and random sampling methods.