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Guide to Implementing Effective Anti-Money Laundering Procedures

This manual provides an explanation of the regulatory requirements, required due diligence, sample procedures, checklists, and training outlines for each department or operational area of a financial institution.
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$980.00
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ISBN: 9781630443290
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Anti-money laundering laws and regulations apply to all financial institutions, and regulators are looking closely at an institution's Bank Secrecy Act/anti-money laundering (BSA/AML) compliance programs. The information contained here is relevant for banks, credit unions, thrifts, savings and loan associations, and any other organization considered to be a financial institution under the BSA and required to comply with AML laws and regulations.

This manual provides an explanation of the regulatory requirements, required due diligence, sample procedures, checklists, and training outlines for each department or operational area of a financial institution. Areas covered include:

•   Retail banking
•   Consumer real estate lending
•   Commercial lending
•   Electronic banking
•   International banking
•   Bank insurance department
•   Investment services
•   Credit cards
•   Deposit operations
•   Loan servicing
•   Trust department
•   Bank subsidiaries

Within each area, you'll find customizable sample procedures for each department's everyday activities. These procedures can be implemented right away or used as the basis for the creation of procedures specific to your institution's needs.

Lorraine Hyde, the author, is a certified bank compliance officer and is certified as a fraud examiner by the Association of Certified Fraud Examiners. Ms. Hyde's expertise is in consumer, home equity, and small business lending, loan review and analysis, and bank fraud investigations for the Federal Deposit Insurance Corporation (FDIC) and Resolution Trust Corporation (RTC).

Table of Contents

Chapter 1   Introduction to the Bank Secrecy Act and Anti-Money Laundering Regulations


Chapter 2   Bank Secrecy Act/Anti-Money Laundering Program Administration


Chapter 2A   BSA/AML Program Administration — Reporting and Recordkeeping Rules


Chapter 2B   BSA/AML Program Administration — OFAC, Information


Sharing, and Special High-Risk Accounts


Chapter 3   Retail Banking


Chapter 4   Consumer Real Estate Lending


Chapter 5   Commercial Banking


Chapter 6   Electronic Banking


Chapter 7   International Banking


Chapter 8   Bank Insurance Sales


Chapter 9   Investment Services


Chapter 10   Credit Cards


Chapter 11   Deposit Operations


Chapter 12   Loan Servicing


Chapter 13   Trust Services


Chapter 14   Bank Subsidiaries


Chapter 15   Preparing for the Risk-Based Audit