Mohamed Aziz

Understanding CTR Exemptions and their Practicality

By Mohamed Aziz | September 26, 2019

This post is part of our occasional series on AML program fundamentals which focuses on refreshing foundational knowledge for experienced members of the AML community and providing an introduction to key topics for those new to the subject. Financial Institutions (FI) file Currency Transaction Reports (CTRs) which enable law enforcement to monitor and investigate potentially suspicious activity. CTRs act as a paper trail for cash transactions, and are filled out by bank personnel for each…

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Overcoming common challenges when updating risk assessment

By Mohamed Aziz | July 12, 2019

This post is part of our occasional series on AML program fundamentals which focuses on refreshing foundational knowledge for experienced members of the AML community and providing an introduction to key topics for those new to the subject. An Enterprise Wide Risk Assessment (“EWRA”) enables Financial Institutions (“FI”) to assess their BSA / AML risk profile, incorporate appropriate risk management processes, and maintain adequate controls to mitigate risk. Moreover, the Federal Financial Institutions Examination Council…

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Adding to the number of criminal activities that are part of the money laundering infrastructure is organ trafficking. We interviewed expert Christina Bain about the need for private-public partnerships and ways to combat the crime. hubs.ly/H0l_7vl0

About 2 hours ago from AML RightSource's Twitter via HubSpot

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