Anti-Money Laundering Clauses

Summary

This template is comprised of anti-money laundering (AML) clauses that may be included in different contracts involving regulated entities subject to the U.S. Bank Secrecy Act and related AML requirements. This template contains practical guidance and drafting notes. Money laundering laws and regulations comprise several statutes and implementing AML regulations that require financial institutions to assist the U.S. government (and other governments) in identifying and investigating potential money laundering activities. This template includes practical guidance and drafting notes. For a full listing of key content covering fundamental financial services regulation related topics, see Financial Services Regulations Fundamentals Resource Kit. For more information, see Financial Services Regulation Resource Kit. To learn more about the U.S. Bank Secrecy Act and related AML requirements, see Bank Secrecy Act, USA PATRIOT Act, AMLA, OFAC, and other Anti-money Laundering / Anti-terrorism Regulations and Compliance with OFAC, AML, and USA Patriot Act Resource Kit. For information regarding bank reporting obligations under the Bank Secrecy Act and the Office of Foreign Assets Control, see Bank Reporting Requirements under the Bank Secrecy Act and OFAC Sanctions Laws. For more information about OFAC, BSA AML, and the USA Patriot Act, see Compliance with OFAC, AML, and USA Patriot Act Resource Kit.