AML Auditing: AML Auditing - Understanding Securities Lending (Series #5) (Paperback)

This book is a must for all AML/KYC audit and compliance staff whose responsibilities include 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 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 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 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.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.