CRA & AML Employee Handbook Information


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Include in this handbook what is required by the law (if that is applicable).
The fight against money laundering & terrorist financing has resulted in lots of choking points within the banking and other financial institutions, which in return made money launderers more creative in screening new vulnerable spots in banks or weak links in attempting to abuse banks through weak bankers. Your AML data in this manual should be up to date and under close scrutiny for updating.
Non-compliance with BSA & AML law requirements and the results of that for both the bank and the employee should be highlighted because both rewards & punishment are great tools for human behavior!
Major parts of the AML info will be included through training as a basic component of your AML compliance program. Duplication will be a waste of time, effort and resources.
Contents of the AML part within the handbook: As I mentioned earlier, to avoid duplication, what you should include here is similar to an AML & TF (anti-money laundering & terrorist financing) training course.

And that can vary from a simple introduction to identifying and reporting money laundering & suspicious activity indicators to a complete content of a comprehensive AML & TF training course, which includes up to 10 different training modules that cover all from A-Z in AML.