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