Acams

Phone: +1 (866) 459-CAMS Outside U.S.: +1 (305) 373-0020 Fax: +1 (305) 373-7788 or +1 (305) 373-5229 Email: info@acams.org www.acams.org www.acamsglobal.org Surviving Your AML/BSA regulative Exam Megan Davis Hodge, CAMS As presented at the ACAMS 7th Annual International coin Laundering & Exhibition Conference in Las Vegas September 20008 on that point are very few events that strike fear into the join of even the close to experienced AML Professional more than the foretell of a visit from your regulatory agency. After all, Anti-Money Laundering and confide Secrecy Act compliance has been in the spotlight with regulators for old age and the bar seems to only rise. You know from experience that the exam military operation is going to involve plenty of effort responding to the pre-visit request letter, being run through and through the ringers while they are on-site and maybe even following up with them after the exam concludes. And away of all of that effort, the best you can generally hope for is a bland rating of Satisfactory and the promise to be regulator-free for other year until the next scheduled visit. Or is it?

With a petty advance planning, you can not only survive the exam, hardly perhaps even use it as an opportunity to twinkling with the regulators and with your banks management team, who always take a keen interest in AML/BSA examinations. Some people deliberate that providing a steady supply of donuts and coffee to distract the examiners is the most effective strategy for surviving an exam. Well, that must work slightly of the time or else people wouldnt continue to entrust on it. But really the easiest way to come through a regulatory exam with flying colors is to gravel an exemplary AML program that your examiners will view as a model for other banks. If thats the case, there are stillness a few best practices to highlight your program in the most flattering light so its strengths are evident. However, sometimes (hopefully through no fault of your own) your AML program isnt in that same... If you want to get a full essay, order it on our website: Ordercustompaper.com

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