TITLE

Consideration of BSA/AML Findings in the Uniform Rating and Risk Assessment Systems

PUB. DATE
November 2012
SOURCE
Internal Auditor Alert (1553-8222);Nov2012, Vol. 9 Issue 11, p8
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
A table is presented that lists the considerations of Bank Secrecy Act/Anti-Money Laundering (BSA/AML) findings in the Uniform Rating and Risk Assessment Systems, including the consumer compliance rating and risk assessment system (RAS).
ACCESSION #
84317987

 

Related Articles

  • Anti-Money-Laundering Risk Rating That Drives Revenue. Anderson, Gregg E. // Bank Accounting & Finance (08943958);Oct/Nov2006, Vol. 19 Issue 6, p24 

    The article offers strategies on designing systems that meet the Bank Secrecy Act of 1970 (BSA) and the expanded anti-money laundering (AML) compliance requirements while improving revenue generation and enhancing customer service with no additional cost. The strategies involve rethinking the...

  • Basel Needs Help Combating Money-Laundering. Valladares, Mayra Rodrguez // American Banker;8/30/2013, Vol. 178 Issue F334, p20 

    The article focuses on the release of banking guidelines offered by the Basel Committee on Banking Supervision regarding terrorism financing and money laundering. Topics include the reduction of operational risk by banks, stricter controls on customer acceptance policies, and the ongoing...

  • Milk Your Database. Bengel, R. Nick // Credit Union Magazine;Mar2007, Vol. 73 Issue 3, p82 

    The article discusses some common difficulties encountered by credit unions in terms of Bank Secrecy Act (BSA) compliance in the U.S. Completing a risk assessment is an important step in developing BSA and Office of Foreign Assets Control programs. According to National Credit Union Association...

  • Years to make-do regulations running banks ragged. Tuccillo, Susan // American Banker;12/18/1996, Vol. 161 Issue 241, p11 

    Opinion. Comments on the issues related with the implementation of the Annuncio-Wiley Anti-Money Laundering Act of 1992 which gave Treasury the authority to promulgate a know-your-customer (KYC) rule. Problems facing private banks; Difference between the ad hoc KYC standard for banks with each...

  • Reducing bank paperwork takes a long, slow grind. Cleland, George // ABA Banking Journal;May90, Vol. 82 Issue 5, p10 

    Focuses on bank regulation for community-banks in the U.S. Emphasis on catching money launderers; Statistics on the total financial assets of commercial banks; Implication on the decline for bank market shares to financial intermediaries.

  • Turkey.  // MEED: Middle East Economic Digest;10/10/1997, Vol. 41 Issue 41, p22 

    Reports on the postponement of the implementation of banking regulations to curb money laundering in Turkey, from October 1, 1997 to January 1, 1998.

  • Bipartisan Launder Bill In Senate. Heller, Michele // American Banker;8/7/2001, Vol. 166 Issue 151, p4 

    Announces plans to introduce money-laundering legislation by bipartisan senators in the U.S. Restriction of banks to open correspondent accounts for foreign institutions; Requirement of banks to perform enhance due diligence before opening a private account; Nature of the bill to give...

  • Why the 'Derisking' Problem Isn't Going Away. Mckendry, Ian // American Banker;12/30/2014, Vol. 179 Issue 199, p00 

    The article discusses the derisking practices of the U.S. banking industry in 2014. Topics explored include the severed relations between banks and online lending businesses due to the enforcement of stricter anti-money-laundering regulations, the customer evaluation recommendations given by...

  • As know-your-customer dies, treasury defends existing rules. Barancik, Scott // American Banker;3/24/1999, Vol. 164 Issue 56, p2 

    Reports on the defense of rules used to fight money laundering by the president Bill Clinton Administration in the light of the rejection of the customer identification plan by bank and thrift agencies in the United States. Approval of rejection by House and Senate Banking committees; Options...

Share

Read the Article

Courtesy of THE LIBRARY OF VIRGINIA

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics