Академический Документы
Профессиональный Документы
Культура Документы
01/11/2009
Aspects of day-to-day compliance
AML Officer duties & responsibility
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AML OFFICER
01/11/2009
Responsible for the day-to-day compliance
duties
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ASPECTS OF DAY-TO-DAY
COMPLIANCE
01/11/2009
Authority
Independence
Communication
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AML OFFICER DUTIES AND
RESPONSIBILITIES
01/11/2009
Act as liaison between the bank and regulatory
and law enforcement agencies for compliance
matters and investigations
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AML OFFICER
DUTIES AND RESPONSIBILITIES
01/11/2009
Report Preparation
monitoring report
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AML OFFICER DUTIES AND
RESPONSIBILITIES
01/11/2009
Advise business units of proposed or pending
regulatory changes
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AML OFFICER DUTIES AND
RESPONSIBILITIES
01/11/2009
Oversees administrative matters related to
code of conduct and compliance with anti-
money laundering and terrorist financing
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CHALLENGES FACING AML
OFFICERS
01/11/2009
Changing the attitudes of management &
staff
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COMMON MISTAKES
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Not documenting work
Failure to communicate internally to all lines
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MANAGEMENT SUPPORT AND
COMMITMENT FOR AML OFFICERS
01/11/2009
Establish a strong compliance plan
that is fully implemented and
01/11/2009
Part B — General obligations of financial institutions
1.2.1. Internal controls and compliance
A different individual
Responsible for auditing the implementation by the AML officers of the policies
& procedures developed
Audit function should directly report to the BoS or BoD or to senior
management
The report should include examples, of the AML officer’s failure to
implement the AML or CFT measures
Internal Controls
Make sure that the necessary reports are filed with the FIU 12
01/11/2009 STR Working Committee
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STR STATISTICS
WHERE TO FIND STR WORKING COMMITTEE
PRESENTATIONS
FinTRACA website
01/11/2009
www.fintraca.gov.af
Section: Events
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