On Wednesday, December 2nd, the compliance team concluded the Anti-Money Laundering Online Workshop with AML program requirements.
The presentation covered how to preserve your banking relationship and an in-depth glimpse into the anatomy of an AML program.
The team uncovered that there are four pillars of an AML program and include:
- Designation of a Compliance Officer
- Development of internal policies, procedures and controls
- Ongoing, relevant training of employees
- Independent testing and review
The four points seem simple enough, but the implementation is where it can get complicated.
To get details, watch the video.Tags: AML, Anti Money Laundering, Capital Compliance Experts, Online Workshop, Webinar