CREATESPACE Guide for AML Auditors - Office of Foreign Assets Control: Volume 6

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.As one of the leading authorities in the field, Mr. Walsh continues to assist banks with AML/KYC compliance investigations and related AML/KYC technical training. His office is located in New York; he may be contacted by email at: walsh516@aol.com. About the Author Bob Walsh is a subject-matter-expert in the international banking and financial services industry. He is a CAMs certified Anti-money Laundering/Know Your Customer (AML/KYC) specialist with over 30 years of “hands-on” experience spanning U.S. and international banking and the financial services industry. After serving many years as a Vice President at large money-center banks, Mr. Walsh worked on major AML/KYC consulting projects involving transaction monitoring, “Lookbacks,” SARs writing, retail and institutional remediations, and AML/KYC procedures writing and technical training. In addition to this text, Bob Walsh has authored several AML/KYC compliance books: AML Auditing and Internal Controls; AML/KYC Compliance; AML Transaction Monitoring; How Terrorists Move Money Through Banks; Know Your Customer Compliance; Currency Transaction Reporting (CTRs); and a series of AML audit books uniquely designed to benefit AML auditors and compliance staff by enhancing their understanding of how key financial services operate. Mr. Walsh has also authored texts that describe the inner workings of major financial services including: Depository Trust Company and Clearing; ERISA Compliance; Foreign Exchange; Global Custody Services; Global Securities Industry; International Capital Markets; Mutual Funds, SEC Compliance; Securities Lending; Sub-custodian Network Management; and Types of Securities. Bob Walsh established a MBA accredited program at New York University and Wayne State University on International Capital Markets, conducted AML/KYC technical training for FBI Special Agents and Federal Reserve Bank of New York Examiners. Mr. Walsh is available to assist banks with AML/KYC program assessments, remediations, investigations and technical training. As one of the leading authorities in the field, Mr. Walsh continues to assist banks with AML/KYC compliance investigations and related AML/KYC technical training. His office is located in New York; he may be contacted by email at: walsh516@aol.com.