This book is a must for all AML/KYC audit and compliance staff whose responsibilities include domestic and international securities lending! This book is one in a series of extraordinary guides in which Bob Walsh details the function and operation of key financial services for the benefit of AML/KYC audit and compliance professionals. The securities lending topics described in this book include risk management, negotiation, collateral issues, revenue-sharing, related audit and compliance issues, qualities of leading companies, starting a securities lending business, foreign corrupt practices act, OFAC, politically exposed persons, due-diligence research, Suspicious Activity Reports (SARs), and a review of the many laws, rules and regulations that govern participating banks. The author is convinced that providing a greater understanding of the inner workings of how securities lending and other financial services operate can dramatically strengthen AML/KYC compliance and audit results. All of Bob Walsh's AML books for auditors also address the complex world of money-laundering, related AML/KYC issues and concerns, AML/KYC acronyms and technical glossary, and a list of currently known terrorist groups. The material contained in Mr. Walsh's books was compiled from more than 30 years of hands-on experience in the U.S. and international banking industry. He is a CAMs certified AML/KYC compliance specialist who has worked with some of the largest banks in the world, the Federal Bureau of Investigation, the Federal Reserve Bank of New York, and major AML/KYC consulting agencies working on some of the largest AML/KYC cases in banking industry.
- | Author: Bob Walsh
- | Publisher: CreateSpace Independent Publishing Platform
- | Publication Date: May 24, 2016
- | Number of Pages: 168 pages
- | Language: English
- | Binding: Paperback
- | ISBN-10: 1533437009
- | ISBN-13: 9781533437006