Guide For Aml Auditors Mutual Funds

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 mutual funds and other financial services 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 compliance programs, AML/KYC acronyms and technical glossary, and a list of currently known terrorist groups. The topics described in this book include a review of mutual funds, global custody services, the global securities industry, Know Your Customer (KYC) compliance, Foreign Corrupt Practices Act, Office of Foreign Assets Control (OFAC), politically exposed persons (PEPs), and more. The material contained in Mr. Walsh's books was compiled from more than 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 major domestic and international banks, Federal Bureau of Investigation, Federal Reserve Bank of New York, and AML/KYC consulting agencies working on some of the largest AML/KYC cases in banking industry.

This book is a must for all AML/KYC audit and compliance staff whose responsibilities include investment banking transactions and international securities! 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 investment banking and the global securities industry 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 a review of investment banking, structure and organization of the global securities industry, global custody services, types of securities, mutual funds, foreign exchange, Know Your Customer (KYC) compliance, Foreign Corrupt Practices Act, Office of Foreign Assets Control (OFAC), politically exposed persons (PEPs), and more. The material contained in Mr. Walsh's books was compiled from more than 30 years of hands-on experience in the U.S. and international banking industry. He is a popular author of Anti-money Laundering topics, and is CAMs certified AML/KYC compliance specialist who has worked with domestic and international banks, Federal Bureau of Investigation, Federal Reserve Bank of New York, and major AML/KYC consulting agencies in handling some of the largest AML/KYC cases in banking history. As one of the leading authorities in the field, Mr. Walsh continues to assist banks with AML/KYC compliance investigations and also conducts related technical training. He may be contacted by email at: [email protected].

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.

This book is a must for all AML/KYC audit and compliance staff whose responsibilities include Know Your Customer (KYC) compliance! 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 KYC compliance and other 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 issues and concerns, AML/KYC acronyms and technical glossary, and a list of currently known terrorist groups. The KYC topics described in this book include retail and institutional account opening requirements, transaction monitoring, structuring, Currency Transaction Reporting (CTRs), due-diligence research, Suspicious Activity Reports (SARs), case studies and more. The material contained in Mr. Walsh's books was composed 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.

This book serves as a practical guide for financial, compliance and audit staff by providing a thorough description of investment banking and the complex world of money laundering. Topics covered include underwriting, market making, agent function, distribution, pricing, dilution, private placement, and more. The author, Bob Walsh, is widely regarded as one of the leading authorities in this field. He is convinced that providing financial and compliance professionals with a better understanding of how investment banking functions can dramatically improve related compliance and audit results. This book is one of several compliance books written by Bob Walsh including a special series of guides prepared specifically for AML auditors. In addition, he has published books that describe the functions and inner workings of key financial services. The information presented was composed from his decades of hands-on experience in the banking and financial industry working with domestic and international banks, Federal Bureau of Investigation, Federal Reserve Bank of New York, and AML/KYC consulting agencies on some of the more notorious cases in banking history.

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.

This book is a must for all AML/KYC audit and compliance staff whose responsibilities include wire transfers! 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 wire transfers and other 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 wire transfer topics described in this book include wire transfer practices, SWIFT, ACH, Fedwire, analyzing wire transactions, suspicious wire activities, due-diligence research, Suspicious Activity Reports (SARs), Know Your Customer (KYC) requirements, politically exposed persons (PEPs), OFAC, 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.

This book is a must for all AML/KYC audit and compliance staff whose responsibilities encompass clearing corporations and securities depositories! This book serves as a practical guide for Anti-Money Laundering audit and compliance staff by describing the function and operation of clearing corporations and securities depositories around the world. In addition, this book addresses global custody services, the global securities industry, the complex world of Anti-money Laundering along with related audit and compliance concerns. The author, Bob Walsh, is widely regarded as one of the leading authorities in this field. He is convinced that providing AML/KYC audit and compliance staff with a better understanding of how clearing corporations and securities depositories function can dramatically improve compliance and audit results. This book is one of a series of AML audit guides written by Bob Walsh describing the functions and inner workings of key financial services. The information presented was compiled from his decades of in-depth, hands-on experience in the banking and financial services industry. This includes working with domestic and international banks, Federal Bureau of Investigation, Federal Reserve Bank of New York, and with leading AML/KYC consulting agencies. Mr. Walsh continues to advise banks on AML/KYC compliance and technical training; he can be contacted by email at: [email protected].