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Controlling and responding appropriately to money laundering as a business risk is a core competency for Compliance and Internal Audit departments in today’s financial services corporations. But the responsibility doesn’t stop there. Individuals are accountable for compliance with the “know your customer” policy as well. This Program will explore best practices for examining any firm’s overall anti-money laundering procedures, including those to identify and report suspicious activities. Regulations regarding anti-money laundering practices, required actions and management strategies are carefully outlined and discussed.
| Topics include: |
• Bank secrecy act and currency transaction reporting compliance
• Clearing firms and trading
• Due diligence |
• Internal money laundering prevention program
• Margin/Cashiering roles
• Suspicious activity detection and reporting |
| Benefits of attendance: |
• Explore the know your customer policy
• Learn techniques of identifying and reporting suspicious activity
• Learn the regulations related to money laundering |
• Obtain management strategies and techniques
• Review best practice responses to money laundering case studies
• Understand appropriate controls and responses to money laundering risks |
| Staff from the following areas should attend: |
• Compliance
• Internal Audit
• Legal |
• Operations
• Trading
• Wire Transfer |
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