22. Anti-Money Laundering and Compliance

In this section

• Regulatory Framework: Anti-Money Laundering and Compliance
  Explore the comprehensive regulatory framework for anti-money laundering and compliance, including key legislative acts, financial institution responsibilities, and practical examples.
  • Bank Secrecy Act (BSA) and Anti-Money Laundering Compliance
    Explore the Bank Secrecy Act (BSA), the cornerstone of anti-money laundering compliance in the U.S. securities industry. Understand key provisions, reporting requirements, and practical applications for the Series 7 Exam.
  • USA PATRIOT Act: Expanding Anti-Money Laundering Compliance
    Explore the USA PATRIOT Act's impact on anti-money laundering regulations, emphasizing customer identification and due diligence requirements for securities professionals.
• AML Program Requirements: Essential Components for Compliance
  Explore the critical components of Anti-Money Laundering (AML) Program Requirements, emphasizing the importance of a risk-based approach for compliance in the securities industry.
  • Customer Identification Program (CIP)
    Explore the essentials of the Customer Identification Program (CIP) as part of Anti-Money Laundering compliance, detailing procedures for verifying customer identity, acceptable identification documents, and verification methods for Series 7 Exam preparation.
  • Customer Due Diligence: Essential Practices for Securities Professionals
    Discover the comprehensive guide to Customer Due Diligence (CDD) in anti-money laundering compliance for securities professionals. Learn about the requirements, processes, and best practices to ensure regulatory compliance and protect financial institutions from illicit activities.
  • Suspicious Activity Monitoring: Detecting and Preventing Financial Crimes
    Explore comprehensive strategies for suspicious activity monitoring in the securities industry, focusing on detecting unusual transactions and identifying red flags of money laundering and terrorist financing.
• Reporting and Recordkeeping in Securities Compliance
  Explore the essential practices of reporting and recordkeeping in securities compliance, focusing on regulatory requirements, practical examples, and strategies for effective compliance.
  • Currency Transaction Reports (CTR): Key Compliance for Series 7 Exam
    Master the requirements and intricacies of Currency Transaction Reports (CTR) for the Series 7 Exam with our comprehensive guide. Learn about reporting thresholds, aggregation rules, and structuring considerations to ensure compliance with anti-money laundering regulations.
  • Suspicious Activity Reports (SAR) in Anti-Money Laundering Compliance
    Explore the critical role of Suspicious Activity Reports (SAR) in anti-money laundering compliance, including criteria for filing, confidentiality requirements, and filing procedures.
  • Record Retention Requirements for Securities Compliance
    Explore the comprehensive guide on record retention requirements for securities compliance, focusing on AML regulations, types of records, retention periods, and best practices for secure recordkeeping.
• Office of Foreign Assets Control (OFAC) in Securities Compliance
  Explore the role and impact of the Office of Foreign Assets Control (OFAC) in enforcing economic and trade sanctions within the securities industry, and understand its significance for customer onboarding and transaction monitoring.
  • Sanctions Programs: Understanding OFAC's Role in U.S. Securities Compliance
    Explore the intricacies of OFAC's sanctions programs and their impact on the U.S. securities industry. Learn about legal prohibitions, compliance strategies, and real-world examples to enhance your Series 7 exam preparation.
  • Specially Designated Nationals (SDN) List: Understanding and Compliance
    Learn about the Specially Designated Nationals (SDN) List, its importance in financial compliance, and how to ensure adherence to OFAC regulations in the securities industry.