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Home > FAQs > Compliance > Anti-Money Laundering ("AML") Programs > Can another Member perform AML duties for us?

Can another Member perform our AML duties for us?

A firm may allocate some of its AML responsibilities to another Member as long as the details of the allocation are set forth in writing. The firm must also have a reasonable basis for believing that the other party is properly performing the required functions. If the other firm does not perform the functions properly, however, your firm remains liable for the failure.

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