Anti-Money Laundering: U.S. And Global Standards

Money laundering isn’t just a financial crime – it’s a global threat – which makes all financial and money service companies operating globally or entirely in the U. S. covered by America’s anti-money laundering (AML) laws. This course helps employees understand the company’s legal duties under these laws and how these responsibilities fit into the global network of international standards.

Upon explaining the United States’ AML framework, this course clarifies the federal law’s definition of financial institutions and the range of businesses subject to AML compliance. Once employees learn the basis for compliance, they understand how to become and remain compliant and why AML compliance is so vital to preventing financial crimes and securing consumer protection and trust in the financial system. Every year, trillions of dollars move through the international financial system and much of that money originates from criminal activity. This course helps organizations understand how AML laundering efforts affect the economy on a global scale.

Present this course to ensure officer and employee accountability, consistency, and awareness of AML compliance throughout the organization.

   This course is in the Video On Demand format, to read about Video On Demand features click here.

Federally defined financial institution employees and officers engaged in customer financial transactions and transmissions

• Introduction
• The U.S. AML Framework
• Who Must Comply
• The Five Pillars Of AML Compliance
• Know Your Customer: CIP And CDD
• Reporting And Recordkeeping
• OFAC And Sanctions Screening
• International AML Standards And The FATF
• The 40 FATF Recommendations
• Corporate Transparency And Beneficial Ownership
• Consequences Of Non-Compliance
• Building A Global AML Culture
• Conclusion

• Anti-Money Laundering In The United States
• Legal Social Media at Work for Employees
• Legal Social Media at Work for Managers