AML Program. Broker has established and shall maintain a written Anti-Money Laundering Program, approved by Xxxxxx’s senior management, to implement the “Anti-Money Laundering (AML) Program and Suspicious Activity Report (SAR) Filing Requirements for Residential Mortgage Lenders and Originators” to implement the Bank Secrecy Act, including the Red Flags Rule to detect, prevent, and mitigate Identity Theft, as required by the Department of Treasury Financial Crimes Enforcement Network (“FinCEN”), 31 CFR Parts 1010 and 1029. Such AML Program shall include policies, procedures and internal controls as to each of the following: (i) SAR Reporting; (ii) designation of an AML compliance officer responsible for implementing and monitoring the AML Program; (iii) ongoing training; and (iv) independent testing.
Appears in 5 contracts
Samples: Broker Agreement, Broker Agreement, Broker Agreement
