ACTION REQUESTED
[14837]
June 26, 2002
TO: MONEY LAUNDERING RULES WORKING GROUP No. 31-02
RE: NOTICE OF MEETING/CONFERENCE CALL ON WEDNESDAY, JULY 17, 2002
A few months ago, the Money Laundering Rules Working Group and the Transfer
Agent Advisory Committee held a joint meeting and conference call to discuss the various rules
recently proposed to implement the anti-money laundering provisions in the USA PATRIOT
Act.
Based on the level of interest in that meeting, we have scheduled another joint
meeting/conference call for the working group and the TAAC on Wednesday, July 17th from
3:00 to 5:00 p.m. (Eastern time). The meeting will be held in the David Silver Conference Room
on the 12th floor of the Institute’s offices in Washington, D.C. Although participation in person
is encouraged, members of the working group and the TAAC may participate in the meeting by
telephone.
This meeting is intended to provide an update on the status of the various rules and rule
proposals and an opportunity to discuss issues arising in adopting and implementing AML
compliance programs. In particular, we would expect the meeting to focus on the AML
compliance program rule, which takes effect on July 24, the broker-dealer SAR rule, which was
adopted in final form yesterday,1 and the customer identification and verification rule, which
we expect to be proposed before the meeting. David Fielder, Adviser to the Director of the
Securities and Exchange Commission’s Division of Investment Management, will attend part of
the meeting and will be available to respond to members’ questions on the various anti-money
laundering rules and rule proposals.
Please use the attached form to indicate whether you will participate in this meeting,
either by telephone or in person. If you will be participating by phone, please note that in order
to do so, you will need to be either a member of the working group, a member of the TAAC, or
a person designated as an alternate on the response form.
1 The final broker-dealer SAR rule has not been posted on the Internet or published in the Federal Register yet. We
will circulate the final rule, along with a summary and analysis, when it becomes available.
2
Use the information below to join the call. Given the large number of participants in
working group calls in the past, we recommend dialing in a few minutes prior to the start of the
meeting.
Conference Call Number: 1-888-810-6751
Pass Code: Money Laundering
Call Leader: Bob Grohowski
Also, to assist in preparations for this meeting, we have provided space on the response
form to indicate any specific compliance or interpretive questions or issues you would like to
discuss at the meeting. We intend to compile the questions and issues raised on the response
forms and circulate them to the participants in advance of the meeting.
We look forward to seeing or speaking to you on July 17th.
Robert C. Grohowski
Associate Counsel
Attachment
Attachment (in .pdf format)