Memo #
10161
DRAFT PAPERS ON MONEY LAUNDERING AND FOREIGN ASSET CONTROL COMPLIANCE FOR MUTUAL FUNDS
|
Print
[10161]
July 30, 1998
TO: SEC RULES COMMITTEE No. 76-98
RE: DRAFT PAPERS ON MONEY LAUNDERING AND FOREIGN ASSET CONTROL
COMPLIANCE FOR MUTUAL FUNDS
______________________________________________________________________________
As you may know, at the direction of its Executive Committee, the Institute has been working
with outside counsel and a task force of members to develop guidance to assist Institute members in
complying with money laundering and foreign asset control laws and regulations. Enclosed for your
review are two draft papers, entitled “Money Laundering Compliance for Mutual Funds” and “Foreign
Assets Control Compliance for Mutual Funds,” respectively.
Please provide any comments on the papers to me or to Barry Simmons by Friday, August
28th. You can reach me by phone at (202) 326-5822, by fax at (202) 326-5827, or by e-mail to
frances@ici.org. Barry can be reached by phone at (202) 326-5923, by fax at (202) 326-5839, or by e-
mail to simmonbe@ici.org.
Frances M. Stadler
Deputy Senior Counsel
Enclosures