17 CFR 42.2 - Compliance with Bank Secrecy Act.

Regulations last checked for updates: Nov 22, 2024

Title 17 - Commodity and Securities Exchanges last revised: Nov 19, 2024

View all text of Subpart A [§ 42.1 - § 42.2]

§ 42.2 - Compliance with Bank Secrecy Act.

Every futures commission merchant and introducing broker shall comply with the applicable provisions of the Bank Secrecy Act and the regulations promulgated by the Department of the Treasury under that Act at 31 CFR chapter X, and with the requirements of 31 U.S.C. 5318(l) and the implementing regulation jointly promulgated by the Commission and the Department of the Treasury at 31 CFR 1026.220, which require that a customer identification program be adopted as part of the firm's Bank Secrecy Act compliance program.

[79 FR 2371, Jan. 14, 2014]

authority: 7 U.S.C. 1a,2,5,6,6b,6d,6f,6g,7,7a,7a-1,7a-2,7b,7b-1,7b-2,9,12,12a,12c,13a,13a-1,13c, 16 and21; 12 U.S.C. 1786(q), 1818, 1829b and 1951-1959; 31 U.S.C. 5311-5314 and 5316-5332; title III, secs. 312-314, 319, 321, 326, 352, Pub. L. 107-56, 115 Stat. 307

source: 68 FR 25159, May 9, 2003, unless otherwise noted.

cite as: 17 CFR 42.2