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Advisor Resource Center


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Anti-Money Laundering Policy
 

The deposit amount that triggers the Anti Money Laundering (AML) review is $500K. Any new sale or transfer to a new or existing account of $500K or more will require AML review by our Compliance Department. When the paperwork is submitted, a copy of a valid ID such as a driver’s license or a passport should be attached. Additionally, VALIC must validate source of funds. A bank or broker-dealer statement from the existing account should be attached to the application. The statement will provide our Compliance Department with verification of the amount coming from the existing account, as well as, how long the funds were deposited.






Last Updated: 11/13/2013