Anti-Money Laundering & Counter Terrorism Financing

Organisations offering designated services are faced with a multitude of money laundering and terrorism financing risks. The US Anti-Money Laundering & Counter Terrorism Financing module outlines your organisation's obligations under such laws as the 'The Currency and Foreign Transactions Reporting Act 1970', 'Money Laundering Control Act 1986', 'Money Laundering Suppression Act 1994', and 9 other compliance sources. This module offers practical guidance on the identification, mitigation and the management of your money laundering and terrorism financing risks.

Module Scope:

Core Obligations

Overview
Financial Institutions Subject to AML Compliance
BSA Compliance Officer
AML Compliance Program
Risk Assessments
Customer Identification Program (CIP) or Know Your Customer (KYC) Program
Enhanced Due Diligence
Cash Reporting and Currency Transaction Reports (CTRs)
Suspicious Activity Reporting (SAR)
Reporting and Recordkeeping Requirements
Internal Controls
Independent Testing
Training
Office of Foreign Assets Control (OFAC) Compliance Program
Information Sharing

Legal Landscape

Currency and Foreign Transactions Reporting Act 1970
Money Laundering Control Act 1986
Money Laundering Suppression Act 1994
Antiterrorism and Effective Death Penalty Act 1996
and 9 other compliance sources

Regulators

US Treasury Department
Financial Crimes Enforcement Network
Office of Foreign Assets Control
Internal Revenue Service
US Justice Department

Webinars

Anti-Money Laundering Webinars | Dena Somers

Dena Somers outlines the current AML-CFT regulatory landscape and environment in the US, highlights the new trends happening in AML-CFT and outlines the key components of a BSA/AML compliance program.

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Legal Expert

Founder, Finreg Partners

Dena Somers

DENA SOMERS is the founder of Finreg Partners, a regulatory compliance and risk management firm for the banking and financial services industries.Drawing on more than 20 years of legal and regulatory compliance experience in the banking and financial services industry, she helps clients navigate complex regulatory and compliance challenges by providing hands-on expertise in all areas of BSA/AML and consumer lending compliance. As a leading expert in her field, Dena provides compliance guidance and training...