Anti-Money Laundering ALCO members

ALCO members

Loan officers

Set up a Process for Documenting Facts and Objective Information

Evaluate the borrower’s financial statements

Identify the laws and regulations that govern those systems and help them operate efficiently and effectively

Anti-Money Laundering ALCO membersCourse Overview: Introduction and overview of anti money laundering responsibilities placed on financial institutions and their employees by the U. S. government as defined under the Bank Secrecy Act, the USA PATRIOT Act, and the Office of Foreign Assets Control. Learning Objectives Correctly identify federal laws and regulations that apply when opening deposit accounts and their related services Fulfill regulatory responsibilities at account openings