Anti-money Laundering Transaction Monitoring: Practical Hands-on Guide for AML Compliance Professionals

This Handbook is a must for all AML/KYC compliance and audit professionals! Like other AML texts written by Bob Walsh, this is a practical, quick-reference guide with specific information geared for AML professionals. This book addresses transaction monitoring as compiled by Bob Walsh from his decades of experience working with some of the largest banks in the world, FBI Special Agents, the Federal Reserve Bank, and leading AML/KYC consulting agencies. This text focuses heavily on transaction monitoring since that is the area of AML compliance where most regulated companies encounter the greatest exposures, complexities and challenges. The following subjects are covered: • Currency transaction reporting (CTR) processing; • Structuring of transactions; • Foreign Corrupt Practices Act requirements; • Office of Foreign Assets Control (OFAC) requirements; • Correspondent relationships; • Wire transactions; • “Red–flag” suspicious transactions; • Transaction monitoring practices; • Due-diligence research; and, • SARs processing. As one of the leading authorities in the field, Mr. Walsh assists banks with AML/KYC auditing, investigations, compliance assessments, remediations and related AML/KYC technical training. His office is located in New York; he may be reached by email at: walsh516@aol.com.