Anti-Money Laundering (AML) Money Service Business Policy
The purpose of this AML MSB Policy Template is to address a written risk-based Anti-Money Laundering Program for a Money Service Business (MSB) that is reasonably designed to prevent a company from being used to facilitate money laundering and the financing of terrorist activities under the Bank Secrecy Act (BSA), and all money services that a company offers.
Table of Contents
- Purpose and Contents – Topic 1
- Policy Statement – Topic 2
- Definitions – Topic 3
- Structure of Accountability – Topic 4
- Risk Management – Topic 5
- Money Laundering and Terrorist Red Flags – Topic 6
- Customer Identification Program Policy – Topic 7
- Suspicious Activity Reporting – Topic 8
- Currency Transaction Reports – Topic 9
- Monetary Instruments – Topic 10
- Funds Transfers – Topic 11
- Foreign Bank and Financial Accounts Reporting – Topic 12
- International Transportation of Currency or Monetary Instruments – Topic 13
- Audit Policy – Topic 14
- Staff Training – Topic 15
- Retention of Documentation – Topic 16
Recent updates to this product:
FFIEC Press Release – Federal and State Regulators Release Updates to BSA/AML Examination Manual
This Anti-Money Laundering Policy Template – Money Service Business Version (approximately 39 pages) is available to purchase from BankPolicies.com in Microsoft® Word format.
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