AML Program


Broker-dealers are required under FINRA Rule 3310 to establish and maintain an Anti-Money Laundering (“AML”) Compliance Program. Oyster will tailor a robust and thorough compliance program that best meets your firm’s business model and operating environment while adhering to all requirements of FINRA Rules, the USA PATRIOT Act, and the Bank Secrecy Act. Included in an Oyster AML Compliance Program are:

  • AML Program Approval and Oversight
  • Bank Secrecy Act (“BSA”) Compliance
  • Customer Identification Program (“CIP”)
  • Financial Crimes Enforcement Network (“FinCEN”) Information Requests/Sharing
  • Review of Accounts, including High Risk Accounts
  • Office of Foreign Assets Control (“OFAC”)
  • Suspicious Activity Reporting
  • Program Testing
  • Training and Education
  • Surveillance System Implementation and Configuration

The Oyster Difference

Oyster Consulting does not have a canned, check-the-box compliance program. Oyster will create a customized program that best fits your firm’s needs. Following the establishment of an AML Compliance Program, Oyster can also perform your firm’s required annual independent AML Audit.