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.