Anti Money Laundering Policy For Small Business Details

The aml program template is a valuable resource for organizations looking to establish an effective aml program. The template provides a step-by-step guide that covers all aspects of an aml program, from risk assessment to compliance monitoring. Having a pre-defined template can help ensure that your aml program is comprehensive and tailored to your organization's specific needs.

You may find information about the type of form you intend to fill out in the table. It will tell you how much time it will take to complete aml program template, what fields you will have to fill in and some additional specific details.

QuestionAnswer
Form NameAml Program Template
Form Length3 pages
Fillable?No
Fillable fields0
Avg. time to fill out45 sec
Other namesaml program template, anti money laundering form pdf, anti money laundering policy template, aml compliance program template for money services business

Form Preview Example

Responsible University Official:

Senior Associate Vice President for

Finance

Responsible Office: Treasury

Management

Origination Date: October 2005

Last Amended Date: June 26, 2014

ANTI-MONEY LAUNDERING POLICY

Policy Statement

It is the policy of the George Washington University to comply with anti-money laundering obligations imposed by the federal government, including applicable provisions of the Money Laundering Control Act of 1986, the Bank Secrecy Act, the USA PATRIOT Act of 2001, the rules and regulations overseen by the United States Treasury Department’s Office of Foreign Assets Control and Financial Crimes Enforcement Network, and other legal requirements.

Reason for Policy/Purpose

The purpose of this policy is to enhance the university’s compliance with anti-money laundering laws and regulations, to assist law enforcement in combating illegal money laundering, and to minimize the risk of university resources being used for improper purposes. Failure to comply with anti-money laundering regulations could result in civil and criminal penalties to the university and/or individual faculty, staff and students.

Who Needs to Know This Policy

 

Faculty, staff, and students

 

Table of Contents

Page #

Policy Statement

1

Reason for Policy/Purpose

1

Who Needs to Know This Policy

1

Table of Contents

1

Policy/Procedures

2

Website Address for This Policy

2

Contacts

2

Related Information

3

Who Approved This Policy

3

History/Revision Dates

3

ANTI-MONEY LAUNDERING POLICY

Policy/Procedures

Money laundering is conducting or attempting to conduct a financial transaction knowing that the transaction is designed in whole or in part to conceal or disguise the nature, location, source, ownership, or control of the proceeds of specified unlawful activity. To assist the federal government in detecting, preventing, and eradicating criminal and terrorist financing and activity, the university will take all necessary steps to comply with applicable anti-money laundering laws and regulations.

The university will maintain an anti-money laundering program in accordance with the Bank Secrecy Act, as amended by the USA PATRIOT Act, and other applicable federal laws and regulations. The program is reasonably designed to prevent university services from being used to facilitate money laundering and the financing of terrorist activities. The program includes the following:

Procedures to verify customer identification and retain necessary identifying and transactional information;

A designated compliance officer to coordinate compliance with the program;

Suspicious activity reporting procedures and document retention guidelines for any suspicious activity reports and supporting documentation;

Training and education of appropriate university personnel concerning their responsibilities under the program, including suspicious activity reporting; and

Independent review to monitor and maintain an adequate program.

Concerns regarding transactions that are unusually large or that appear suspicious and questions regarding money laundering in general should be directed to the university’s Treasury Management Office at 202-994-0985.

Website Address for This Policy

GW University Policies

Contacts

Subject

Contact

Phone

Money

Treasury Management

703-726-4216

Laundering

 

 

2

ANTI-MONEY LAUNDERING POLICY

Related Information

Bank Secrecy Act, 12 U.S.C. §1951, et seq.

31 U.S.C. § 5311, et seq.

31 C.F.R. Part 1010, 1022

Money Laundering Control Act of 1986, Public Law 99-570 USA PATRIOT Act of 2001, Public Law 107-5

A Brief Primer on Doing Business Abroad: U.S. Laws that Affect GW’s International Activities

Compliance with Law when Conducting University Activities Overseas

Who Approved This Policy

Louis H. Katz, Executive Vice President and Treasurer

Beth Nolan, Senior Vice President and General Counsel

History/Revision Dates

Origination Date:

October 2005

Last Amended Date:

June 26, 2014

Next Review Date:

June 30, 2015

3

If you believe this page is infringing on your copyright, please familiarize yourself with and follow our DMCA notice and takedown process - click here to proceed .