Series 53: Anti-money Laundering Compliance Program

Taken from our Series 53 Online Guide

Anti-money Laundering Compliance Program

MSRB Rule G-41 requires dealers to establish and implement an anti-money laundering compliance program that will meet the requirements of various federal laws.

Money laundering is the process of transforming illegally gained funds into seemingly legitimate funds. It is commonly achieved in three steps:

  1. 1. Placement is the depositing of funds in financial institutions or the conversion of cash into negotiable instruments, such as cashier’s checks

Since you're reading about Series 53: Anti-money Laundering Compliance Program, you might also be interested in:

Solomon Exam Prep Study Materials for the Series 53
Please Enable Javascript
to view this content!