Anti-Money Laundering Regulation and Compliance: Key Problems and Practice Areas

Anti-Money Laundering Regulation and Compliance: Key Problems and Practice Areas is a comprehensive treatment of the Anti-Money Laundering/Combatting the Financing of Terrorism (AML/CFT) compliance programs, recordkeeping and reporting requirements, and the best practices under the Bank Secrecy Act (BSA) and sanctions regulatory regimes. AML/CFT and sanctions provisions are highly interrelated. Onboarding and customer due diligence requirements generate the data entered into transaction monitoring and screening systems.

Preface
1. Introduction to Anti-Money Laundering Regulation and Compliance
2. Introductory overview of money laundering and terrorist financing risks and their regulation
3. AML/CFT and OFAC regulatory, supervisory, and enforcement framework
4. AML/CFT and OFAC reporting, recordkeeping, and information-sharing requirements
5. Regulatory expectations for AML/CFT and OFAC compliance programs 92
6. The role of corporate governance in mitigating AML/CFT and OFAC compliance risk
7. The role of risk management in meeting AML/CFT and OFAC regulatory expectations
8. The risk-based approach to suspicious transaction monitoring and sanctions screening References Index