Since 2007, SIRS has been a trusted partner for securities broker/dealers seeking to navigate the complexities of regulatory compliance. In addition to SEA Rule 17a-4 Designated Third Party (D3P) services, SIRS also provides FINRA Rule 3310 AML independent testing services.
FINRA Rule 3310(c) requires each broker/dealer to “Provide for annual (on a calendar-year basis) independent testing” of the B/D’s AML program.” (In certain situations, the testing may be conducted every two years.) The testing is performed to ensure the AML Program meets relevant regulatory standards found in the BSA and FINRA Rule 3310.
Our independent testing process is designed to be collaborative and thorough. We begin by reviewing your written policies and procedures, then we examine your records to verify that your program is being implemented effectively. Most importantly, we will work with you to resolve any identified gaps before the test is finalized.
Following the test, you will receive a detailed report with our findings and actionable recommendations to strengthen your program.
Our broker/dealer AML independent testing services are priced at $4,500+
As a first step, we will provide a service agreement and a list of AML program records. You will use the list to collect and organize your records. Once your records are ready, you may sign the service agreement to initiate the testing service.
We’re here to discuss your situation and answer your questions.
Call us today at (801) 613-5388 or email us at info@sirsco.com