The National Futures Association launched a web-based Anti-Money Laundering (AML) Procedures System, to assist NFA Member FCMs and IBs and applicants in developing an AML program that meets the requirements of the BSA and NFA Rule 2-9(c).  System users can expect the system to provide assistance in developing an adequate written compliance program - i.e., identifies minimum components of the program;  provides guidance and information on components, along with examples of suggested language.  [C-I Note:  NFA, in effect, is providing a safe harbor to those firms that can, at a minimum, accurately follow the regulator's guidance.]

Of course, FCMs and IBs are not required to use this system to develop their AML program. 

In any case, the 'Look' is free -  To access the AML Procedures System, go to:  www.nfa.futures.org/NFA-electronic-filings/aml-procedures.HTML.  And be sure to employ "the same user name and password that would be used to access NFA's Online Registration System."

For further details, including contacts, click onto:  [NFA NtM I-10-25, 11/16]