CREATESPACE Anti-money Laundering Audit & Controls: Practical Hands-on Guide for Audit and Compliance Professionals

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.