17 Commodity and Securities Exchanges 1 2004-04-01 2004-04-01 false ANTI-MONEY LAUNDERING, TERRORIST FINANCING 42 PART 42 Commodity and Securities Exchanges COMMODITY FUTURES TRADING COMMISSION Pt. 42 PART 42—ANTI-MONEY LAUNDERING, TERRORIST FINANCING Subpart A—General Provisions Sec. 42.1 [Reserved] 42.2 Compliance with Bank Secrecy Act Authority:

7 U.S.C. 1a, 2, 5, 6, 6b, 6d, 6f, 6g, 7, 7a, 7a-1, 7a-2, 7b, 7b-1, 7b-2, 9, 12, 12a, 12c, 13a, 13a-1, 13c, 16 and 21; 12 U.S.C. 1786(q), 1818, 1829b and 1951-1959; 31 U.S.C. 5311-5314 and 5316-5332; title III, secs. 312-314, 319, 321, 326, 352, Pub. L. 107-56, 115 Stat. 307.

 Source:

68 FR 25159, May 9, 2003, unless otherwise noted.

Subpart A—General Provisions
§ 42.1 [Reserved]
§ 42.2 Compliance with Bank Secrecy Act.

Every futures commission merchant and introducing broker shall comply with the applicable provisions of the Bank Secrecy Act and the regulations promulgated by the Department of the Treasury under that Act at 31 CFR Part 103, and with the requirements of 31 U.S.C. 5318(l) and the implementing regulation jointly promulgated by the Commission and the Department of the Treasury at 31 CFR 103.123, which require that a customer identification program be adopted as part of the firm's Bank Secrecy Act compliance program.