The SEC’s Money Laundering List
The United States Securities and Exchange Commission just listed its laundry list of money laundering statutes. The list is designed to allow corporate compliance officers, especially in the securities industry, to be able to quickly run the check list on transactions. Hat tip to Investment News, in an article by Aaron Siegel. The list contains twelve specific statutes, a catch all category of links, and a “contacts” category. The list is embedded with links to statutes and other source materials.
While this list is very helpful to lawyers and researchers, I’m not so sure it is useful to compliance personnel trying to make decisions on the fly. Siegel reported that the SEC claims the list was developed for their examiners, but I suspect it was developed to help their examiners fill in the blanks on their examination reports. But, be that as it may, it is still a useful list.
