Anti-Money Laundering & Counter Terrorism Financing

Organizations offering designated services are faced with a multitude of money laundering and terrorism financing risks. The Anti-Money Laundering & Counter Terrorism Financing (U.S.) Module outlines your organization’s obligations under laws including The Currency and Foreign Transactions Reporting Act 1970, Money Laundering Control Act 1986, Money Laundering Suppression Act 1994 and nine other compliance sources. This module offers guidance on the identification, mitigation and management of your money laundering and terrorism financing risks.

Anti-Money Laundering & Counter Terrorism compliance content is organized by:
  • 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 

Meet The Author

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. Dena provides compliance guidance and training nationwide on the most pressing issues in the industry, including, anti-money laundering, cybersecurity, cannabis and high-risk banking, GLBA and privacy compliance, Fintech, and regulatory risk management.

Prior to founding Finreg Partners, Dena served as general counsel/chief compliance officer to a national mortgage servicing company, regional mortgage lender, Fintech installment lender and one of the largest money service businesses in the U.S. For more than 15 years, she has represented both consumers and financial institutions in a broad array of complex litigation matters.

Dena authors several compliance and risk management publications for LexisNexis® including BSA/AML Internal Audit and Risk Management, BSA and AML Service, and BSA Officers Handbook. She is also an attorney author for Lexis® Practice Advisor. 
Dena Somers

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