Description
This Handbook is a must for Anti-money Laundering (AML) audit and compliance professionals! The material presented serves as a practical guide for those whose work involves auditing, internal controls and compliance associated with AML and Know-Your-Customer (KYC) laws, rules and regulations. The following subject areas comprise the essential components of a sound, well-rounded AML compliance program. – Review of audit and controls – AML regulatory compliance requirements – “Know-your-customer” (KYC) procedures – Currency transaction reporting (CTR) processing – Structuring of transactions – Foreign Corrupt Practices Act (FCPA) – Office of Foreign Assets Control (OFAC) – Correspondent relationships – Wire transactions – “Red-flag” suspicious transactions – Transaction monitoring practices – Due-diligence research – SARs processing – Terrorist organizations – Case studies – AML/KYC acronyms. The information presented within by Bob Walsh has been compiled from decades of in-depth, hands-on experience in the field of Anti-money Laundering. This includes working with some of the largest domestic and international banks, AML/KYC consulting agencies, Federal Bureau of Investigation, and the Federal Reserve Bank of New York in addressing major AML/KYC cases. As one of the leading authorities in the field, Mr. Walsh assists banks with AML/KYC auditing, investigations, compliance assessments, remediations and related AML/KYC technical training. His office is located in New York; he may be reached by email at: walsh516@aol.com.
