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 and
21;
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