Compliance and Financial Crime Risk in Banks: A Practitioners Guide by Sophia Be

Description: Compliance and Financial Crime Risk in Banks by Sophia Beckett Velez US and global banking regulators have enforced compliance laws to minimise money laundering, terrorist funding, human trafficking, fraudulent banking activities, and bad mortgage loans that expose banks to significant risks and losses. Author Sophia Beckett Velez offers an original contribution to the field of banking. FORMAT Hardcover CONDITION Brand New Publisher Description US and global banking regulators have enforced compliance laws to minimise money laundering, terrorist funding, human trafficking, fraudulent banking activities, and bad mortgage loans that expose banks to significant risks and losses. However, many banks have complained of over-regulation. Compliance and Financial Crime Risk in Banks: A Practitioners Guide investigates anti-money laundering standards, counter-terrorist financing measures that cover the Bank Secrecy Act laws, and control activities designed to mitigate breaches, such as prevent, detect, and monitor.A focus group of ten senior banking finance experts was convened to build consensus on compliance practices that senior bank managers can implement to be effective in reducing losses in banks/bank holding companies. The result is the following consensus:a) Maintenance of effective and independent compliance, consistent with the organisational objectivesb) Clear definition of data sources for compliance analyticsc) Compliance monitoringd) Reporting activities to upper managemente) Top leadership must champion their code of ethicsf) Understanding the regulatory compliance activities that are effectiveAuthor Sophia Beckett Velez offers an original contribution to the field of banking that Undergraduates, Masters, Ph.D. students, academics, and researchers can use to gain a deeper understanding of compliance, and AML risks in banks, and the use of effective management practices. Author Biography Sophia Beckett Velez Ph.D. has worked over 16 years as a Certified Public Accountant (CPA) with large banks providing consulting services. She is the author of Operational Risk Management in Banks and Idiosyncratic Loss Theory: A Leadership Perspective and Banking and Effective Capital Regulation in Practice: A Leadership Perspective. Table of Contents Part 1. Regulatory Compliance in Domestic and Global BanksChapter 1. Regulatory Compliance Requirement and PracticesChapter 2. Regulatory Compliance in Global BanksChapter 3. Compliance Requirements in BHC and IHCChapter 4. Compliance Failures in Global BanksPart 2. Compliance Laws and Requirements (BSA/AML)Chapter 5. Implications of Compliance Weakness in Banks and Regulatory PenaltiesChapter 6. BSA AML Compliance Practices – Ineffective PracticesChapter 7. Capital Requirements – Ineffective PracticesChapter 8. TrainingPart 3. Compliance Environment and Effective Leadership PracticesChapter 9. SanctionsChapter 10. Office of Foreign Assets Control (OFAC) Compliance PracticesChapter 11. Capital Requirements – Effective PracticesChapter 12. BSA AML Compliance Practices – Effective Practices Details ISBN1835490425 Author Sophia Beckett Velez Publisher Emerald Publishing Limited Year 2024 ISBN-13 9781835490426 Format Hardcover Publication Date 2024-03-25 Imprint Emerald Publishing Limited Subtitle A Practitioners Guide Place of Publication Bingley Country of Publication United Kingdom Alternative 9781835490419 UK Release Date 2024-03-25 Audience Tertiary & Higher Education DEWEY 332.1 Pages 176 ISBN-10 1835490425 We've got this At The Nile, if you're looking for it, we've got it. With fast shipping, low prices, friendly service and well over a million items - you're bound to find what you want, at a price you'll love! TheNile_Item_ID:161858201;

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