Aml Auditing Understanding Transaction Monitoring

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AML Auditing - Understanding Transaction Monitoring

Author : Bob Walsh
Publisher :
ISBN 13 : 9781539519744
Total Pages : pages
Book Rating : 4.5/5 (197 download)

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Book Synopsis AML Auditing - Understanding Transaction Monitoring by : Bob Walsh

Download or read book AML Auditing - Understanding Transaction Monitoring written by Bob Walsh and published by . This book was released on 2016-10-13 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is a must for all AML/KYC audit and compliance staff whose responsibilities include AML transaction monitoring! This book is one in a series of extraordinary guides in which Bob Walsh details the function and operation of key financial services for the benefit of AML/KYC audit and compliance professionals. The author is convinced that providing a greater understanding of the inner workings of how AML transaction monitoring and other financial services operate can dramatically strengthen AML/KYC compliance and audit results. All of Bob Walsh's AML books for auditors also address the complex world of money-laundering, related AML/KYC regulatory issues and concerns, AML/KYC acronyms and technical glossary, and a list of currently known terrorist groups. The AML transaction monitoring topics described in this book include AML transaction monitoring practices, structuring of transactions, wire transfers, correspondent relationships, "red flag" suspicious activities, due-diligence research, Suspicious Activity Reports (SARs), Know Your Customer (KYC) requirements, CTRs, politically exposed persons (PEPs), "311" and "314" entities, case studies and more. The material contained in Mr. Walsh's books was compiled from more than 30 years of hands-on experience in the U.S. and international banking industry. He is a CAMs certified AML/KYC compliance specialist who has worked with some of the largest banks in the world, the Federal Bureau of Investigation, the Federal Reserve Bank of New York, and major AML/KYC consulting agencies working on some of the largest AML/KYC cases in banking industry. Mr. Walsh assists banks with AML/KYC auditing, investigations, compliance assessments, remediations and related AML/KYC technical training. He resides in Deer Park, New York, and can be reached at [email protected].

AML Auditing - Understanding Kyc Compliance

Author : Bob Walsh
Publisher : Createspace Independent Publishing Platform
ISBN 13 : 9781539505280
Total Pages : pages
Book Rating : 4.5/5 (52 download)

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Book Synopsis AML Auditing - Understanding Kyc Compliance by : Bob Walsh

Download or read book AML Auditing - Understanding Kyc Compliance written by Bob Walsh and published by Createspace Independent Publishing Platform. This book was released on 2016-10-12 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is a must for all AML/KYC audit and compliance staff whose responsibilities include Know Your Customer (KYC) compliance! This book is one in a series of extraordinary guides in which Bob Walsh details the function and operation of key financial services for the benefit of AML/KYC audit and compliance professionals. The author is convinced that providing a greater understanding of the inner workings of how KYC compliance and other financial services operate can dramatically strengthen AML/KYC compliance and audit results. All of Bob Walsh's AML books for auditors also address the complex world of money-laundering, related AML/KYC issues and concerns, AML/KYC acronyms and technical glossary, and a list of currently known terrorist groups. The KYC topics described in this book include retail and institutional account opening requirements, transaction monitoring, structuring, Currency Transaction Reporting (CTRs), due-diligence research, Suspicious Activity Reports (SARs), case studies and more. The material contained in Mr. Walsh's books was compiled from more than 30 years of hands-on experience in the U.S. and international banking industry. He is a CAMs certified AML/KYC compliance specialist who has worked with some of the largest banks in the world, the Federal Bureau of Investigation, the Federal Reserve Bank of New York, and major AML/KYC consulting agencies working on some of the largest AML/KYC cases in banking industry. Mr. Walsh assists banks with AML/KYC auditing, investigations, compliance assessments, remediations and related AML/KYC technical training. He resides in Deer Park, New York, and can be reached at [email protected].

Anti-Money Laundering Transaction Monitoring Systems Implementation

Author : Derek Chau
Publisher : John Wiley & Sons
ISBN 13 : 1119381967
Total Pages : 304 pages
Book Rating : 4.1/5 (193 download)

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Book Synopsis Anti-Money Laundering Transaction Monitoring Systems Implementation by : Derek Chau

Download or read book Anti-Money Laundering Transaction Monitoring Systems Implementation written by Derek Chau and published by John Wiley & Sons. This book was released on 2020-12-08 with total page 304 pages. Available in PDF, EPUB and Kindle. Book excerpt: Effective transaction monitoring begins with proper implementation Anti-Money Laundering Transaction Monitoring Systems Implementation provides comprehensive guidance for bank compliance and IT personnel tasked with implementing AML transaction monitoring. Written by an authority on data integration and anti-money laundering technology, this book offers both high-level discussion of transaction monitoring concepts and direct clarification of practical implementation techniques. All transaction monitoring scenarios are composed of a few common elements, and a deep understanding of these elements is the critical factor in achieving your goal; without delving into actual code, this guide provides actionable information suitable for any AML platform or solution to help you implement effective strategies and ensure regulatory compliance for your organization. Transaction monitoring is increasingly critical to banking and business operations, and the effectiveness of any given solution is directly correlated to its implementation. This book provides clear guidance on all facets of AML transaction monitoring, from conception to implementation, to help you: Detect anomalies in the data Handle known abnormal behavior Comply with regulatory requirements Monitor transactions using various techniques Regulators all over the world are requiring banks and other companies to institute automated systems that combat money laundering. With many variables at play on both the transaction side and the solution side of the equation, a solid understanding of AML technology and its implementation is the most critical factor in successful detection. Anti-Money Laundering Transaction Monitoring Systems Implementation is an invaluable resource for those tasked with putting these systems in place, providing clear discussion and practical implementation guidance.

Understanding Clearing Corps and Depositories

Author : Bob Walsh
Publisher :
ISBN 13 : 9781539593775
Total Pages : pages
Book Rating : 4.5/5 (937 download)

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Book Synopsis Understanding Clearing Corps and Depositories by : Bob Walsh

Download or read book Understanding Clearing Corps and Depositories written by Bob Walsh and published by . This book was released on 2016-10-15 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is a must for all AML/KYC audit and compliance staff whose responsibilities encompass clearing corporations and securities depositories! This book serves as a practical guide for Anti-Money Laundering audit and compliance staff by describing the function and operation of clearing corporations and securities depositories around the world. In addition, this book addresses global custody services, the global securities industry, the complex world of Anti-money Laundering along with related audit and compliance concerns. The author, Bob Walsh, is widely regarded as one of the leading authorities in this field. He is convinced that providing AML/KYC audit and compliance staff with a better understanding of how clearing corporations and securities depositories function can dramatically improve compliance and audit results. This book is one of a series of AML audit guides written by Bob Walsh describing the functions and inner workings of key financial services. The information presented was compiled from his decades of in-depth, hands-on experience in the banking and financial services industry. This includes working with domestic and international banks, Federal Bureau of Investigation, Federal Reserve Bank of New York, and with leading AML/KYC consulting agencies. Mr. Walsh continues to advise banks on AML/KYC compliance and technical training; he can be contacted by email at: [email protected].

AML Auditing - Understanding Foreign Exchange

Author : Bob Walsh
Publisher :
ISBN 13 : 9781539576242
Total Pages : pages
Book Rating : 4.5/5 (762 download)

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Book Synopsis AML Auditing - Understanding Foreign Exchange by : Bob Walsh

Download or read book AML Auditing - Understanding Foreign Exchange written by Bob Walsh and published by . This book was released on 2016-10-13 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is a must for all AML/KYC audit and compliance staff whose responsibilities include foreign exchange! This book is one in a series of extraordinary guides in which Bob Walsh details the function and operation of key financial services for the benefit of AML/KYC audit and compliance professionals. The author is convinced that providing a greater understanding of the inner workings of how foreign exchange and financial services function can dramatically strengthen AML/KYC compliance and audit results. All of Bob Walsh's AML books for auditors also address the complex world of money-laundering, related AML/KYC regulatory issues and concerns, AML/KYC acronyms and technical glossary, and a list of currently known terrorist groups. The topics described in this book include a review of foreign exchange practices, Know Your Customer (KYC) compliance, Foreign Corrupt Practices Act, Office of Foreign Assets Control (OFAC), due-diligence research, Suspicious Activity Reports (SARs), politically exposed persons (PEPs), and more. The material contained in Mr. Walsh's books was compiled from more than 30 years of hands-on experience in the U.S. and international banking industry. He is a CAMs certified AML/KYC compliance specialist who has worked with some of the largest banks in the world, the Federal Bureau of Investigation, the Federal Reserve Bank of New York, and major AML/KYC consulting agencies working on some of the largest AML/KYC cases in banking industry. Mr. Walsh assists banks with AML/KYC auditing, investigations, compliance assessments, remediations and related AML/KYC technical training. He resides in Deer Park, New York, and can be reached at [email protected].

Guide for AML Auditors - Know Your Customer (Kyc) Compliance

Author : Bob Walsh
Publisher : Createspace Independent Publishing Platform
ISBN 13 : 9781533451989
Total Pages : 154 pages
Book Rating : 4.4/5 (519 download)

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Book Synopsis Guide for AML Auditors - Know Your Customer (Kyc) Compliance by : Bob Walsh

Download or read book Guide for AML Auditors - Know Your Customer (Kyc) Compliance written by Bob Walsh and published by Createspace Independent Publishing Platform. This book was released on 2016-05-24 with total page 154 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is a must for all AML/KYC audit and compliance staff whose responsibilities include Know Your Customer (KYC) compliance! This book is one in a series of extraordinary guides in which Bob Walsh details the function and operation of key financial services for the benefit of AML/KYC audit and compliance professionals. The author is convinced that providing a greater understanding of the inner workings of how KYC compliance and other financial services operate can dramatically strengthen AML/KYC compliance and audit results. All of Bob Walsh's AML books for auditors also address the complex world of money-laundering, related AML/KYC issues and concerns, AML/KYC acronyms and technical glossary, and a list of currently known terrorist groups. The KYC topics described in this book include retail and institutional account opening requirements, transaction monitoring, structuring, Currency Transaction Reporting (CTRs), due-diligence research, Suspicious Activity Reports (SARs), case studies and more. The material contained in Mr. Walsh's books was composed from over 30 years of hands-on experience in the U.S. and international banking industry. He is a CAMs certified AML/KYC compliance specialist who has worked with some of the largest banks in the world, the Federal Bureau of Investigation, the Federal Reserve Bank of New York, and major AML/KYC consulting agencies working on some of the largest AML/KYC cases in banking industry.

Understanding Global Securities Industry

Author : Bob Walsh
Publisher :
ISBN 13 : 9781539593461
Total Pages : pages
Book Rating : 4.5/5 (934 download)

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Book Synopsis Understanding Global Securities Industry by : Bob Walsh

Download or read book Understanding Global Securities Industry written by Bob Walsh and published by . This book was released on 2016-10-15 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is a must for all AML/KYC audit and compliance staff whose responsibilities include the global securities industry! The author, Bob Walsh, is widely regarded as one of the leading authorities in this field. This book is one in a series of extraordinary guides in which Bob Walsh details the function and operation of key financial services for the benefit of AML/KYC audit and compliance professionals. He is convinced that providing a greater understanding of the inner workings of the global securities industry and financial services can dramatically strengthen AML/KYC compliance and audit results. All of Bob Walsh's AML books for auditors also address the complex world of money-laundering, related AML/KYC regulatory issues and concerns, AML/KYC acronyms and technical glossary, and a list of currently known terrorist groups. The topics described in this book include a review of the structure and organization of the global securities industry, global custody services, sub-custodians, clearing corporations and depositories, accounting conventions, foreign exchange, investment banking, types of securities, mutual funds, Know Your Customer (KYC) compliance, Foreign Corrupt Practices Act, Office of Foreign Assets Control (OFAC), due-diligence research, Suspicious Activity Reports (SARs), politically exposed persons (PEPs), and more. The material contained in Mr. Walsh's books was compiled from more than 30 years of hands-on experience in the U.S. and international banking industry. He is a CAMs certified AML/KYC compliance specialist who has worked with some of the largest banks in the world, the Federal Bureau of Investigation, the Federal Reserve Bank of New York, and major AML/KYC consulting agencies working on some of the largest AML/KYC cases in banking industry. Mr. Walsh assists banks with AML/KYC auditing, investigations, compliance assessments, remediations and related AML/KYC technical training. He resides in Deer Park, New York, and can be reached at [email protected].

AML Auditing - Understanding Global Custody Services

Author : Bob Walsh
Publisher :
ISBN 13 : 9781539534365
Total Pages : pages
Book Rating : 4.5/5 (343 download)

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Book Synopsis AML Auditing - Understanding Global Custody Services by : Bob Walsh

Download or read book AML Auditing - Understanding Global Custody Services written by Bob Walsh and published by . This book was released on 2016-10-13 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is a must for all AML/KYC audit and compliance staff whose responsibilities include global custody services! The author, Bob Walsh, is widely regarded as one of the leading authorities in this field. This book is one in a series of extraordinary guides in which Bob Walsh details the function and operation of key financial services for the benefit of AML/KYC audit and compliance professionals. He is convinced that providing a greater understanding of the inner workings of how global custody services and other financial services function can dramatically strengthen AML/KYC compliance and audit results. All of Bob Walsh's AML books for auditors also address the complex world of money-laundering, related AML/KYC regulatory issues and concerns, AML/KYC acronyms and technical glossary, and a list of currently known terrorist groups. The topics described in this book include a review of the global custody services business, sub-custodians, the global securities industry, clearing corporations and depositories, accounting conventions, foreign exchange, Know Your Customer (KYC) compliance, Foreign Corrupt Practices Act, Office of Foreign Assets Control (OFAC), due-diligence research, Suspicious Activity Reports (SARs), politically exposed persons (PEPs), and more. The material contained in Mr. Walsh's books was compiled from more than 30 years of hands-on experience in the U.S. and international banking industry. He is a CAMs certified AML/KYC compliance specialist who has worked with some of the largest banks in the world, the Federal Bureau of Investigation, the Federal Reserve Bank of New York, and major AML/KYC consulting agencies working on some of the largest AML/KYC cases in banking industry. Mr. Walsh assists banks with AML/KYC auditing, investigations, compliance assessments, remediations and related AML/KYC technical training. He resides in Deer Park, New York, and can be reached at [email protected].

Guide for AML Auditors - Office of Foreign Assets Control

Author : Bob Walsh
Publisher : Createspace Independent Publishing Platform
ISBN 13 : 9781533470614
Total Pages : 138 pages
Book Rating : 4.4/5 (76 download)

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Book Synopsis Guide for AML Auditors - Office of Foreign Assets Control by : Bob Walsh

Download or read book Guide for AML Auditors - Office of Foreign Assets Control written by Bob Walsh and published by Createspace Independent Publishing Platform. This book was released on 2016-05-25 with total page 138 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is a must for all AML/KYC audit and compliance staff whose responsibilities include Office of Foreign Assets Control (OFAC)! This book is one in a series of extraordinary guides in which Bob Walsh details the function and operation of key financial services for the benefit of AML/KYC audit and compliance professionals. The author is convinced that providing a greater understanding of the inner workings of how OFAC and financial services operate can dramatically strengthen AML/KYC compliance and audit results. All of Bob Walsh's AML books for auditors also address the complex world of money-laundering, related AML/KYC regulatory issues and concerns, AML/KYC acronyms and technical glossary, and a list of currently known terrorist groups. The topics described in this book include OFAC practices, global securities processing and custody, due-diligence research, Suspicious Activity Reports (SARs), Know Your Customer (KYC) requirements, politically exposed persons (PEPs), Foreign Corrupt Practices Act (FCPA), and more. The material contained in Mr. Walsh's books was compiled from over 30 years of hands-on experience in the U.S. and international banking industry. He is a CAMs certified AML/KYC compliance specialist who has worked with some of the largest banks in the world, the Federal Bureau of Investigation, the Federal Reserve Bank of New York, and major AML/KYC consulting agencies working on some of the largest AML/KYC cases in banking industry.

Guide for AML Auditors - Mutual Funds

Author : Bob Walsh
Publisher : Createspace Independent Publishing Platform
ISBN 13 : 9781533584502
Total Pages : 158 pages
Book Rating : 4.5/5 (845 download)

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Book Synopsis Guide for AML Auditors - Mutual Funds by : Bob Walsh

Download or read book Guide for AML Auditors - Mutual Funds written by Bob Walsh and published by Createspace Independent Publishing Platform. This book was released on 2016-06-01 with total page 158 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is one in a series of extraordinary guides in which Bob Walsh details the function and operation of key financial services for the benefit of AML/KYC audit and compliance professionals. The author is convinced that providing a greater understanding of the inner workings of mutual funds and other financial services can dramatically strengthen AML/KYC compliance and audit results. All of Bob Walsh's AML books for auditors also address the complex world of money-laundering, related AML/KYC regulatory issues and concerns, AML compliance programs, AML/KYC acronyms and technical glossary, and a list of currently known terrorist groups. The topics described in this book include a review of mutual funds, global custody services, the global securities industry, Know Your Customer (KYC) compliance, Foreign Corrupt Practices Act, Office of Foreign Assets Control (OFAC), politically exposed persons (PEPs), and more. The material contained in Mr. Walsh's books was compiled from more than 30 years of hands-on experience in the U.S. and international banking industry. He is a CAMs certified AML/KYC compliance specialist who has worked with major domestic and international banks, Federal Bureau of Investigation, Federal Reserve Bank of New York, and AML/KYC consulting agencies working on some of the largest AML/KYC cases in banking industry.

Anti-Money Laundering Audit and Controls

Author : Bob Walsh
Publisher : CreateSpace
ISBN 13 : 9781518662805
Total Pages : 200 pages
Book Rating : 4.6/5 (628 download)

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Book Synopsis Anti-Money Laundering Audit and Controls by : Bob Walsh

Download or read book Anti-Money Laundering Audit and Controls written by Bob Walsh and published by CreateSpace. This book was released on 2015-10-17 with total page 200 pages. Available in PDF, EPUB and Kindle. Book excerpt: This Handbook is a must for Anti-money Laundering (AML) 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.

Guide for AML Auditors - Wire Transfers

Author : Bob Walsh
Publisher : Createspace Independent Publishing Platform
ISBN 13 : 9781533470027
Total Pages : 140 pages
Book Rating : 4.4/5 (7 download)

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Book Synopsis Guide for AML Auditors - Wire Transfers by : Bob Walsh

Download or read book Guide for AML Auditors - Wire Transfers written by Bob Walsh and published by Createspace Independent Publishing Platform. This book was released on 2016-05-25 with total page 140 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is a must for all AML/KYC audit and compliance staff whose responsibilities include wire transfers! This book is one in a series of extraordinary guides in which Bob Walsh details the function and operation of key financial services for the benefit of AML/KYC audit and compliance professionals. The author is convinced that providing a greater understanding of the inner workings of how wire transfers and other financial services operate can dramatically strengthen AML/KYC compliance and audit results. All of Bob Walsh's AML books for auditors also address the complex world of money-laundering, related AML/KYC regulatory issues and concerns, AML/KYC acronyms and technical glossary, and a list of currently known terrorist groups. The wire transfer topics described in this book include wire transfer practices, SWIFT, ACH, Fedwire, analyzing wire transactions, suspicious wire activities, due-diligence research, Suspicious Activity Reports (SARs), Know Your Customer (KYC) requirements, politically exposed persons (PEPs), OFAC, FCPA, and more. The material contained in Mr. Walsh's books was compiled from over 30 years of hands-on experience in the U.S. and international banking industry. He is a CAMs certified AML/KYC compliance specialist who has worked with some of the largest banks in the world, the Federal Bureau of Investigation, the Federal Reserve Bank of New York, and major AML/KYC consulting agencies working on some of the largest AML/KYC cases in banking industry.

Guide for AML Auditors - Investment Banking

Author : Bob Walsh
Publisher : Createspace Independent Publishing Platform
ISBN 13 : 9781533512970
Total Pages : 290 pages
Book Rating : 4.5/5 (129 download)

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Book Synopsis Guide for AML Auditors - Investment Banking by : Bob Walsh

Download or read book Guide for AML Auditors - Investment Banking written by Bob Walsh and published by Createspace Independent Publishing Platform. This book was released on 2016-05-28 with total page 290 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is a must for all AML/KYC audit and compliance staff whose responsibilities include investment banking transactions and international securities! This book is one in a series of extraordinary guides in which Bob Walsh details the function and operation of key financial services for the benefit of AML/KYC audit and compliance professionals. The author is convinced that providing a greater understanding of the inner workings of investment banking and the global securities industry can dramatically strengthen AML/KYC compliance and audit results. All of Bob Walsh's AML books for auditors also address the complex world of money-laundering, related AML/KYC regulatory issues and concerns, AML/KYC acronyms and technical glossary, and a list of currently known terrorist groups. The topics described in this book include a review of investment banking, structure and organization of the global securities industry, global custody services, types of securities, mutual funds, foreign exchange, Know Your Customer (KYC) compliance, Foreign Corrupt Practices Act, Office of Foreign Assets Control (OFAC), politically exposed persons (PEPs), and more. The material contained in Mr. Walsh's books was compiled from more than 30 years of hands-on experience in the U.S. and international banking industry. He is a popular author of Anti-money Laundering topics, and is CAMs certified AML/KYC compliance specialist who has worked with domestic and international banks, Federal Bureau of Investigation, Federal Reserve Bank of New York, and major AML/KYC consulting agencies in handling some of the largest AML/KYC cases in banking history. As one of the leading authorities in the field, Mr. Walsh continues to assist banks with AML/KYC compliance investigations and also conducts related technical training. He may be contacted by email at: [email protected].

Anti-Money Laundering Transaction Monitoring

Author : Bob Walsh
Publisher : CreateSpace
ISBN 13 : 9781518672866
Total Pages : 202 pages
Book Rating : 4.6/5 (728 download)

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Book Synopsis Anti-Money Laundering Transaction Monitoring by : Bob Walsh

Download or read book Anti-Money Laundering Transaction Monitoring written by Bob Walsh and published by CreateSpace. This book was released on 2015-10-17 with total page 202 pages. Available in PDF, EPUB and Kindle. Book excerpt: This Handbook is a must for all AML compliance professionals!Like other AML texts written by Bob Walsh, this is a practical, quick-reference guide with specific information geared for AML professionals. This book addresses transaction monitoring as compiled by Bob Walsh from his decades of experience working with some of the largest banks in the world, FBI Special Agents, the Federal Reserve Bank, and leading AML/KYC consulting agencies.This text focuses heavily on transaction monitoring since that is the area of AML compliance where most regulated companies encounter the greatest exposures, complexities and challenges. The following subjects are covered:* Currency transaction reporting (CTR) processing;* Structuring of transactions;* Foreign Corrupt Practices Act requirements;* Office of Foreign Assets Control (OFAC) requirements;* Correspondent relationships;* Wire transactions;* "Red-flag" suspicious transactions;* Transaction monitoring practices;* Due-diligence research; and,* SARs processing.

Preventing Money Laundering and Terrorist Financing

Author :
Publisher : World Bank Publications
ISBN 13 : 0821379135
Total Pages : 304 pages
Book Rating : 4.8/5 (213 download)

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Book Synopsis Preventing Money Laundering and Terrorist Financing by :

Download or read book Preventing Money Laundering and Terrorist Financing written by and published by World Bank Publications. This book was released on 2009 with total page 304 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Money laundering and terrorist financing are serious crimes that affect not only those persons directly involved, but the economy as a whole. According to international standards, every bank has the obligation to know its customers and to report suspicious transactions. Although these obligations sound straightforward, they have proved challenging to implement. What information precisely has to be gathered? How should it be recorded? If and when does one have to file a suspicious transaction report? It is here that a supervisor can play a crucial role in helping supervised institutions; first, in understanding the full extent of the obligations of Customer Due Diligence and Suspicious Transaction Reports (STR) and, second, in ensuring that those obligations are not just words on paper but are applied in practice. Effective supervision is key to the success of a country's AML/CFT system. In this regard, field work in both developed and developing countries has shown an overall low compliance in the area of supervision of banks and other financial institutions; supervisory compliance is indeed generally lower than the average level of compliance with all Financial Action Task Force recommendations. As a result, by providing examples of good practices, this book aims to help countries better conform to international standards. In this regard, this handbook is specifically designed for bank supervisors.

Anti-Money Laundering Compliance Handbook

Author : Bob Walsh
Publisher : CreateSpace
ISBN 13 : 9781518628733
Total Pages : 208 pages
Book Rating : 4.6/5 (287 download)

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Book Synopsis Anti-Money Laundering Compliance Handbook by : Bob Walsh

Download or read book Anti-Money Laundering Compliance Handbook written by Bob Walsh and published by CreateSpace. This book was released on 2015-10-14 with total page 208 pages. Available in PDF, EPUB and Kindle. Book excerpt: This AML Compliance Handbook is a must for all AML professionals!It has been prepared with clear, specific information to serve as a practical, quick-reference guide for regulated companies and their staff whose responsibilities involve compliance in this vital area.The following subject areas comprise the essential components of a sound, well-rounded AML compliance program.* 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; * AML/KYC technical training;* Case studies; and,* AML/KYC acronyms.The information presented 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.

Handbook on Anti-Money Laundering and Combating the Financing of Terrorism for Nonbank Financial Institutions

Author : Asian Development Bank
Publisher :
ISBN 13 : 9789292577612
Total Pages : 0 pages
Book Rating : 4.5/5 (776 download)

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Book Synopsis Handbook on Anti-Money Laundering and Combating the Financing of Terrorism for Nonbank Financial Institutions by : Asian Development Bank

Download or read book Handbook on Anti-Money Laundering and Combating the Financing of Terrorism for Nonbank Financial Institutions written by Asian Development Bank and published by . This book was released on 2017 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This handbook provides nonbanking financial institutions guidance on how to manage risks associated with money laundering and the financing of terrorism. It reflects the requirements of the international standard setter in the fight against money laundering and terrorist financing---the Financial Action Task Force---and is intended to serve as the basis for developing internal controls and procedures by nonbanking financial institutions to combat such actions.