If you would like to know how to Commit Money Laundering? Follow the steps I am preaching in this episode! You ll most likely end up behind bars, so don’t go about doing everything I just said! It is for educational purposes only to demonstrate how criminals attempt a money laundering operation to clean their dirty money. Consider subscribing if you want to learn more about Anti Money Laundering and how to become a Sherlock person who’s investigating such Financial Crimes. Are you feeling the pull to make contact with your Dreams and True Self and define your highest vision for your career? My invitation to you is to move beyond curiosity and into intentional action. Send me an email if consider signing up to my mailing list to receive conscious career love notes, invitations to learn with me, and more. ———————————————————————Send us an E-mail: https://docs.google.com/forms/d/e/1FAIpQLSfuE-p6Ft6c_IK6kdQh1Zxnl-zSllUeSgk2A7f74HhbsGxwag/viewform ————————————

2023 is going to be Your Year.

A year that you let go of things that dont serve you with Grace.

A Year you receive unexpected blessings with Ease.

A year you take exponential Leaps and bounds toward your Dreams that you once thought were Impossible.

2023 is the year of epic Transformation and Growth.

It is a year of Authenticity and Truth.

It is a year of your Limitless Potential.

Are you feeling the pull to make contact with your Dreams and True Self and define your highest vision for your career?

My invitation to you is to move beyond curiosity and into intentional action.

Send me an email if consider signing up to my mailing list to receive conscious career love notes, invitations to learn with me, and more.

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I am also in the process of Building our beloved VIP community on Facebook. Consider joining so we collectively share insights, hold each other accountable for our growth and help one another achieve our career milestones. We would be fat better together than apart ♥️

In this episode, you ll learn more about the key fundamentals of an AML Compliance Program to be establish In order to combat financial crime by banks, credit unions, and a variety of other financial institutions across the world, which are all required to develop and put in place Anti-Money Laundering (AML) Compliance Programs.

Compliance professionals provide a valuable service to companies by helping them avoid costly fees and legal problems. Regulatory agencies may levy fees and other penalties for violations of non-compliance. Demand for compliance professionals appears to be growing, following increased regulation in key industries to protect the public from fraud.

The Intelligence Reform and Terrorism Prevention Act of 2004 Amended the BSA to require the Secretary of the Treasury to prescribe regulations requiring certain financial institutions to report cross-border electronic transfers, if the Secretary determines that such reporting is "reasonably necessary" to aid in the fight against money laundering and terrorist financing.

It is an emotional episode for me, or at least I think it was. I’d like to pay tribute to the victims and survivors of the terrible attacks that occurred just over twenty years ago on September 11, 2001. for many, the Memorial is seen as the place where the 21st century began. The attacks of September 11, 2001 may have happened here in the United States, but in truth, 9/11 was a global moment. Fast forward, in this episode I have addressed the USA Patriot Act provisions going through the highlights of the relevant provisions of the Act. Thank you all for listening ♥️

This episode provide a high level overview of the provision of both Money Laundering Suppression Act and Money Laundering and Financial Crimes Strategy Act. The Money Laundering Suppression Act Required banking agencies to review and enhance training, and develop anti-money laundering examination procedures

Required banking agencies to review and enhance procedures for referring cases to appropriate law enforcement agencies

Streamlined CTR exemption process

Required each Money Services Business (MSB) to be registered by an owner or controlling person of the MSB

Required every MSB to maintain a list of businesses authorized to act as agents in connection with the financial services offered by the MSB

Made operating an unregistered MSB a federal crime

Recommended that states adopt uniform laws applicable to MSBs. The second Act, Required banking agencies to develop anti-money laundering training for examiners

Required the Department of the Treasury and other agencies to develop a National Money Laundering Strategy

Created the High Intensity Money Laundering and Related Financial Crime Area (HIFCA) Task Forces to concentrate law enforcement efforts at the federal, state and local levels in zones where money laundering is prevalent. HIFCAs may be defined geographically or they can also be created to address money laundering in an industry sector, a financial institution, or group of financial institutions.

This Episode covers two other important AML Acts. The Anti-Drug Abuse Act of 1988 which Expanded the definition of financial institution to include businesses such as car dealers and real estate closing personnel and required them to file reports on large currency transactions

Required the verification of identity of purchasers of monetary instruments over $3,000. The Annunzio-Wylie Anti-Money Laundering Act (1992)

* Strengthened the sanctions for BSA violations

* Required Suspicious Activity Reports and eliminated previously used Criminal Referral Forms

* Required verification and recordkeeping for wire transfers

* Established the Bank Secrecy Act Advisory Group (BSAAG

The Act increased penalties for financial entities found guilty of money laundering and encouraged oversight agencies to consider revoking the charters of any financial institution involved in money laundering.

A new year is upon us, which means it's officially goal-setting season. I hope 2023 become a successful year for many of us. It is that time of the year when most of us sit and think about where we would like to be, and who do we want to become. Not having clear goals wont help us achieve anything. If you are interested in learning more about Financial Crime Compliance, AML, KYC, and Regulatory Compliance, take this as an invitation to follow me and join me as One of my 2023 goals is to share my knowledge and experience over here in this Channel. Together we will both achieve the desired milestones in 2023.

In its mission to "safeguard the financial system from the abuses of financial crime, including terrorist financing, money laundering and other illicit activity," the Financial Crimes Enforcement Network acts as the designated administrator of the Bank Secrecy Act (BSA). The BSA was established in 1970 and has become one of the most important tools in the fight against money laundering. Since then, numerous other laws have enhanced and amended the BSA to provide law enforcement and regulatory agencies with the most effective tools to combat money laundering.