LENDERS COMPLIANCE GROUP
SCOPE OF ENGAGEMENT - PROGRAM
Lenders Compliance Group, Inc. provides a comprehensive Policy and Procedures for Anti-Money Laundering Program, consisting of:
- RISK ASSESSMENT
- THE MONEY LAUNDERING PROCESS
- POTENTIAL INDICATORS OF MONEY LAUNDERING
- OVERSIGHT COMMITTEE
- TRAINING
- AUDIT PROCEDURES/INDEPENDENT TESTING
- ANTI-MONEY LAUNDERING DETECTION AND PREVENTION PROCEDURES
- Monitoring for Suspicious Activity
- Suspicious Activity Reporting
- Supporting Documentation for the SAR
- Bank Secrecy Act Officer
- Access to SAR Records
- Maintaining Accounts after a SAR Has Been Filed
- Confidentiality
- Regulators and Government Sponsored Entities
APPENDICES
APPENDIX A: CONFIDENTIALITY & INTERNAL CONTROL
APPENDIX B: REGISTRATION AND CONTACTS
APPENDIX D: AML PROGRAM REQUIREMENTS
APPENDIX E: EXAMINATION AND ENFORCEMENT
APPENDIX F: RED FLAGS (FFIEC)
APPENDIX G: RED FLAGS-IDENTITY THEFT PREVENTION (FTC)
APPENDIX H: TRAINING OUTLINE
APPENDIX I: PROCEDURES AND TIMING OF THE SAR
APPENDIX J: PROHIBITION OF SAR DISCLOSURE
APPENDIX K: SAR DECISION MAKING
APPENDIX L: IDENTIFYING THE UNDERLYING CRIME
APPENDIX M: SAFE HABOR FROM LIABILITY
APPENDIX N: IDENTIFY, RESEARCH, REPORT
APPENDIX O: MANAGING ALERTS
APPENDIX P: COMMON FILING ERRORS
APPENDIX Q: SAR NARRATIVE
APPENDIX R: ORGANIZING THE SAR NARRATIVE
APPENDIX S: CUSTOMER DUE DILIGENCE
APPENDIX T: TIMING OF A SAR FILING
APPENDIX U: RESPONDING TO LAW ENFORCEMENT REQUESTS
APPENDIX V: SAR AUDIT – SCOPE AND TESTING