AML/CTF Programs

Objectives

In this module we will address the following:

• What is an AML/CTF program?
• What is in Part A of an AML/CTF program?
• What is in Part B of an AML/CTF program?
• When should a customer be identified?
• How are existing customers treated?
• What if it is a low-risk service?
• When can a reporting entity rely on another reporting entity’s customer identification?
• What are the general exemptions?

Your key learning objectives will be to correctly answer each of the questions listed above.