Name

Anti Money Laundering (AML) Workbook

Description

Workbook for anti-money laundering includes red flags that signal possible money laundering or terrorist financing and 15 questions that focus on illegal payments.

Red flags that signal possible money laundering or terrorist financing include, but are not limited to:
Customers – Insufficient or Suspicious Information
• Provides unusual or suspicious identification documents that cannot be readily verified.
• Reluctant to provide complete information about nature and purpose of business, prior banking relationships, anticipated account activity, officers and directors or business location.
• Refuses to identify a legitimate source for funds or information is false, misleading or substantially incorrect.
• Background is questionable or differs from expectations based on business activities.
• Customer with no discernible reason for using the firm’s service.

Sample questions:

1. Is your company buying or selling products or services internationally?
2. Are there any suspicions of FCPA violations by company personnel or third-party agents acting on the company’s behalf within any of the countries where business is conducted internationally?

Standard (Non-IT) Audit Program

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