Many have reached out in response to my YouTube video in which I offer a sample AML policy. You can find said document below. While the document is Bank Secrecy Act compliant and applicable to literally all financial institutions that have an obligation under the BSA, not that some amendment and tailoring of the document would be required based on specific business activities.
Transcribed from: https://youtu.be/u12mgqB7hkU The Foreign Account Tax Compliance Act or FATCA is big business in the accounting world, in the tax world because compliance can be expensive. And what the main tenant of FATCA is form 8938. And that requires the disclosure of certain accounts and financial assets held in foreign accounts. And so the … Read more