Anti-Money Laundering Compliance Program. The USA PATRIOT Act imposes certain obligations on Broker-Dealers through new anti-money laundering provisions and amendments to the Bank Secrecy Act. Distributor agrees to adopt appropriate policies and procedures sufficient to ensure compliance with federal anti-money laundering laws and regulations, including the following: (a) Filing of Forms and Reports. Distributor's exclusive business purpose is to provide mutual fund underwriting and distribution services, and it does not receive customer funds. However, any funds received by Distributor, including funds received by Distributor's registered representatives, will be processed in accordance with applicable law, including filing of Forms 8300, filing of Suspicious Activity Reports, and filing of any other forms required by applicable regulations.
Appears in 6 contracts
Samples: Class R Distribution Agreement (First American Investment Funds Inc), Distribution Agreement (First American Funds Inc), Class R Distribution Agreement (First American Strategy Funds Inc)
