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.