This book is a must for all AML/KYC audit and compliance staff whose responsibilities include monitoring fraud and embezzlement! The author, Bob Walsh, is widely regarded as one of the leading authorities in this field. This book is one in a series of extraordinary AML auditing books written by Bob Walsh in which he details the function and operation of key financial services for the benefit of AML/KYC audit and compliance professionals. He is convinced that providing a greater understanding of the inner workings of how fraud and embezzlement operates within financial services 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 regulatory issues and concerns, AML/KYC acronyms and technical glossary, and a list of currently known terrorist groups. The topics described in this book include danger signs of embezzlement, types and nature of fraud, specific acts of fraud, detecting fraud, consequences of unprovable accusations, fraud prevention and more. In addition, a review is provided for the world of anti-money laundering, AML compliance programs, Know Your Customer (KYC) compliance, Foreign Corrupt Practices Act, Office of Foreign Assets Control (OFAC), due-diligence research, Suspicious Activity Reports (SARs), politically exposed persons (PEPs), global custody services, the global securities industry, accounting requirements and more. 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. Mr. Walsh assists banks with AML/KYC auditing, investigations, compliance assessments, remediations and related AML/KYC technical training; he can be reached at walsh516@aol.com.
- | Author: Bob Walsh
- | Publisher: CreateSpace Independent Publishing Platform
- | Publication Date: Oct 14, 2016
- | Number of Pages: 224 pages
- | Language: English
- | Binding: Paperback
- | ISBN-10: 1539591794
- | ISBN-13: 9781539591795
