What is Financial Industry Regulatory Authority (FINRA) Rule 3310?

Financial Industry Regulatory Authority (FINRA) Rule 3310 established minimum standards for broker-dealers' Anti-Money-Laundering (AML) compliance programs. It requires firms to develop and implement a written AML compliance program which must then be approved by FINRA. Firms must also provide annual (on a calendar-year basis) independent testing for compliance that is conducted by member personnel or by a qualified outside party.