Adverse scenario

, 11

Agencies

, 27–28

American Express Bank

, 103–104

American House Committee on Appropriations

, 101–102

Annual

, 3

Annual stress tests

, 28–30

Anti-money laundering (AML)

, 3–4, 37–38, 51–52, 65–66, 89, 99–100, 107–108, 125–126

Arms trading

, 15–16

Automate

, 17–18

Automation

, 37–38

Bank Holding Companies (BHCs)

, 3, 27–28

Bank of China (BOC)

, 103–104

Bank of Credit and Commerce International (BCCI)

, 60–64

Bank Runs

, 52–53

Bank Secrecy Act (BSA) of 1970

, 65–66, 100, 125–126

code of ethics, compliance practices

, 140–141

compliance practices

, 69–70

data source, compliance practices on

, 138–139

governance practices

, 68–69, 71–72, 130–131

internal control practices

, 66–67, 131–135

internal practices on three line of defense

, 136–137

reporting, compliance practices on

, 139–140

risk and control assessment, compliance practices on

, 135–136

Bank Secrecy Act/Anti-Money Laundering (BSA/AML)

, 3–4, 15–16

Bankers

, 9–10, 16–17

Banking sector

, 3

Banks

, 5, 19, 21, 24–25, 27–28, 38, 51–52, 75–76, 99, 101, 107–108, 113

Basel Committee

, 101

Basel Committee on Banking Supervision (BCBS)

, 19, 21, 125–126

Basel II

, 28–30

Basel III

, 75–76, 89

Beneficial Ownership Registry

, 38–39

Beneficiary

, 38

Bitcoins

, 101–102

Blacklisted

, 99

Blockchain

, 45–46, 101–102

Board of Directors

, 114, 133, 141

Board Oversight

, 10–11

British Banking Association (BBA)

, 72–73

Broker dealer

, 15–16

Call reports

, 3–4

Capital

, 3

Capital adequacy

, 11

Capital Assistance Program (CAP)

, 51–52

Capital Conservation Buffer

, 28–30

Capital inadequacy

, 3

Capital projection

, 51–52

Capital regulation

, 11

Capital requirements

, 75–76, 113

clear definition of data sources, compliance practices on

, 116–117

code of ethics, compliance practices on

, 119–120

communication, compliance practices on

, 77–78

compliance risks, compliance practices on

, 79

governance practices

, 86–87

internal control, compliance practices on

, 84–85

monitoring and reporting, compliance practices on

, 117–118

morals and integrity, compliance practices on

, 120–121

organizational objectives, compliance practices on

, 115–116

periodic assessment, compliance practices on

, 81–82

remediation, compliance practices on

, 80–81

right product, compliance practices on

, 121–122

test measures, compliance practices on

, 76–77

training, compliance practices on

, 85–86

understanding regulatory compliance, compliance practices on

, 123–124

upper management, compliance practices on

, 82–83

Cash deposits

, 45

Central African Republic (CAR)

, 110–111

Central Banks

, 28, 30

CFTC

, 15–16

Chicago Mercantile Exchange

, 28

Chief Compliance Officer (CCO)

, 128–129

Chief Risk Officer

, 126

Citigroup

, 27–28

Civil Penalty

, 5

Code of ethics

, 13

Collapse

, 39–40

Collateralized debt obligations (CDOs)

, 8–9, 40

Combating the financing of terrorism (CFT)

, 64, 102–103, 126

Commercial banks

, 3, 15–16

Commercial real estate (CRE)

, 8–9

Commodity Futures Trading Commission (CFTC)

, 28

Common Equity Tier 1 (CET1)

, 75–76

Community Reinvestment Act (CRA) of 1977

, 3–4, 24–25

Compliance

, 11–12

Compliance costs

, 27–28

Compliance program

, 8

Compliance requirements

, 27–28

forward looking science, compliance practices on

, 31

long-term strategies, compliance practices on

, 32

periodic assessment, compliance practices

, 34

tests, compliance practices

, 33

Compliance risks

, 51–52

Compliance weakness

, 51–52

compliance practices on test measurements

, 56–57

governance practices

, 55–56, 59–63

internal control practices

, 54, 58–59

Comprehensive Capital Analysis and Review (CCAR)

, 28–30

Computer-based systems

, 37–38

Concentration limits

, 28–30

Congress

, 28

Consensus

, 11–12

Corporate Transparency Act (CTA)

, 15–16, 38–39

Correspondent Banking Services

, 3–4

Cost–benefit analysis (CBA)

, 30–35

Countering terrorist funding (CFT)

, 19–21

Counterterrorism (CT)

, 104–105

Credit card (CC)

, 129

Credit exposure report

, 28–30

Credit Lyonnais

, 103–104

Crime

, 5

Criminal fines

, 38

Criminal liability

, 38–39

Criminals

, 19–21

Critical thinking

, 67–72

Cross-border

, 15–16

Cryptocurrency

, 72–73

Cuban Assets Control Regulations (CACR)

, 109–111

Currency transaction reporting (CTR)

, 15–16, 65–66

Customer

, 4–5

Customer Due Diligence (CDD)

, 16–17, 38, 53, 60, 100, 103–104, 142

Customer Identification Program (CIP)

, 38–39, 100

Customer risk

, 7–8

Cyber criminals

, 45

Cybercrimes

, 39–40

Data

, 15–16

De-risking

, 5

Debt

, 3

Delivery channels

, 7–8

Democratic Republic of the Congo (DRC)

, 110–111

Department of justice (DOJ)

, 6–7, 38

Detection risk

, 17–18

Dodd-Frank Act of 2010

, 8–9

Dodd–Frank Asset Stress Tests (DFAST)

, 28–30

Dodd–Frank Bill 2010

, 30

Dodd–Frank Wall Street Reform and Consumer Protection Act (DFA)

, 11, 75–76

Drug trade

, 15–16

Drug trafficking

, 99–100

Due diligence

, 100

e-commerce

, 37–38

e-Delphi study

, 113

Effective risk culture

, 114

Electronic Funds Transfer (EFT)

, 60–64

Enterprise-wide risk assessment (EWRA)

, 37–38, 99, 113–114, 126

methodology

, 99

program

, 37–38

False positives

, 17–18

Fannie Mae

, 9–10

Federal Deposit Insurance Corporation (FDIC)

, 3, 15–16, 27–28

Federal Reserve Banks

, 15–16

Federal Reserve System (Fed)

, 3, 27–28, 51–52

CRA

, 9–10

stress test

, 52–53

Financial Action Task Force (FATF)

, 3–4, 15–16, 38–39, 99

Financial Crimes Enforcement Network (FinCEN)

, 3–4, 15–16, 38–39, 53, 60, 128–129

Financial crisis

, 9–10

Financial institutions (FIs)

, 3–4, 64

Financial Intelligence Unit (FIU)

, 60–64

Financial market

, 51–52

Financial sector

, 28

Financial Service Authority (FSA)

, 6–7

Financial stability

, 11

Financial stress

, 28–30

Fined

, 5

FINRA

, 15–16

First line of defense

, 17–18

Flood Disaster Protection Act of 1973

, 24–25

Foreign Account Holders

, 38–39

Foreign correspondent

, 6–7

Foreign Funds Control (FFC)

, 107

Fraud

, 3

Fraudulent

, 3

Freddie Mac

, 9–10

Funding

, 3

Funds

, 4–5

Gate keepers

, 7–8

General Assembly

, 4–5

Geographic risk

, 7–8

Global banks

, 3, 15–16, 37–38, 113

compliance data source practices

, 18–19

compliance policy practices

, 22–23

compliance reporting practices

, 20–21

compliance risk identification practices

, 23–24

periodic assessment, compliance practices on

, 43–44

responsibilities, compliance practices on

, 42–43

risk identification, compliance practices on

, 41–42

Government

, 3–4

Guidelines

, 6–7

High-quality liquid asset (HQLA)

, 28–30

Home Mortgage Disclosure Act (HMDA) of 1975

, 8–9, 24–25

Hong Kong and Shanghai Banking Corporation (HSBC)

, 6–7, 16–17, 37–38, 53, 60

Human error

, 5

Human resources (HR)

, 89

Human trafficking

, 3

Humanitarian

, 64

Identification

, 37–38

Idiosyncratic

, 3

Illegal drugs

, 4–5

Illegal transaction

, 45

Inadequacy

, 3

Increased

, 3

Information Management and Information Security

, 15–16

ING Bank

, 60, 64, 102–103

Insolvency

, 28

International Emergency Economic Powers Act (IEEPA)

, 6–7

International Holding Companies (IHCs)

, 3

International Monetary Fund (IMF)

, 101

Know Your Customer (KYC)

, 7–8, 15–16, 38, 65–66, 100

Know your data (KYD)

, 15–16

Laundering

, 4–5

Laws

, 3

Lebanese Canadian Bank

, 103–104

Lending

, 3

Leverage ratio

, 28–30

Limited Liability Corporation (LLC)

, 102

Lines of defenses

, 126

Liquidity Coverage Ratio (LCR)

, 28–30

Losses

, 3

Low-risk weights

, 9–10

Maduro Regime revenue streams

, 108

Managerial slack

, 8–9

Manual

, 17–18

Margin

, 28–30

Mergers

, 10

Methodology

, 40

Micro laundering

, 45

Micro-payments

, 45

Minimum capital ratios

, 11

Mitigate

, 4–5

Mitigating

, 19–21

Mobile

, 45

Monetary

, 39–40

Money launderers

, 45

Money laundering

, 3–5, 15–16

Money Laundering Regulations (MLR) in 2017

, 38

Money mules

, 102–103

Money services

, 4–5

Monitoring

, 5

Monthly

, 3

Mortgage

, 3

Mortgage-backed securities (MBSs)

, 8–9, 40

Multiagency

, 28

Multinationals

, 28–30

Narcotic

, 99

Narcotic traffickers

, 6–7

NASD

, 15–16

Nat West

, 103–104

National Crime Agency (NCA)

, 16–17

National Criminal Intelligence Service (NCIS)

, 7–8

National Futures Association (NFA)

, 28

Net banking services

, 45

Net Stable Funding Ratio (NSFR)

, 28–30

Non-Conviction Based Asset Forfeiture (NCB Asset Forfeiture)

, 8

Nonprofit organizations (NPOs)

, 64, 102, 110

Obligation

, 3

Office of Foreign Assets Control (OFAC)

, 64, 99, 107, 110

Office of the Comptroller of the Currency (OCC)

, 3, 27–28

Office of Thrift Supervision (OTS)

, 3, 27–28

Offloading

, 64

Offshore trust account

, 7–8

Omnibus accounts

, 7–8

Onboarding

, 5

Online payments

, 45

Palermo and Anti-Terrorist Financing Conventions

, 99

Penalties

, 3–4

Petróleos de Venezuela, S. A. (PdVSA)

, 109

Politically exposed persons (PEPs)

, 38

Portfolio

, 5

Power of Attorney (POA)

, 7–8

Predatory lending

, 8–9

Preventative

, 5

Proceeds of Crime Act 2002 (POCA 2002)

, 16

Product risk

, 7–8

Programming logic

, 17–18

Public sector banks (PSB)

, 39–40

Qualitative e-Delphi study

, 11–12

Quantitative models

, 27–28

Quarterly

, 28–30

Real Estate Settlement Procedures Act of 1973

, 24–25

Recession

, 3

Redlining

, 3

RegTech

, 127–129

Regulator

, 3

Regulatory

, 3

Regulatory arbitrage

, 30–35

Regulatory capital

, 9–10

Regulatory compliance laws

, 3

Regulatory impact assessment (RIA)

, 30–35

Reputation risks

, 5

Residential

, 3

Resolution plan

, 28–30

Respectable risk culture

, 114

Risk

, 3

Risk assessment

, 7–8

Risk committee

, 28–30

Risk rating

, 37–38

Risk weighting system

, 40

Risk-Based Approach (RBA)

, 7–8, 126–127

Risk-based capital (RBC)

, 9–10, 40, 75–76

Risk-weighted assets (RWAs)

, 75–76

Sanctions

, 99

Sarbanes-Oxley Act 2002 (SOX)

, 24–25

Scorings

, 126–127

Second line of defense

, 126

Securities and Exchange Commission (SEC)

, 30

Securities Dealers

, 4–5

Senior management

, 114

September 11 attack

, 100

Shadow banks

, 30–35

Shell

, 38–39

Shurat HaD

, 103–104

Significant financial institutions (SIFI)

, 28–30

Silos

, 45–46

Smuggling

, 4–5

Society for Worldwide Interbank Financial Telecommunications (SWIFT)

, 15–16, 65–66, 104

Sovereign debt

, 38

Specially Designated Nationals (SDNs)

, 99–100, 107

Stress test

, 27–28, 113–114

Surveillances

, 45

Suspicious Activity Report (SAR)

, 5–6, 15–16, 38–39, 60, 64–66

Suspicious Transaction Reports (STRs)

, 17–18, 37–38, 67, 72

Swap dealer

, 15–16

Systematically important financial institutions (SIFIs)

, 24–25, 51–52, 75–76

Systemic risk

, 11

Systems

, 3–4

Tax fraud

, 15–16

Terrorist

, 3

Terrorist attack

, 3–4

Third line of defense

, 19–21

Tier 1

, 28–30

Timely reporting

, 5

Tone at the top

, 114

Too-big-to-fail (TBTF)

, 28

Trade with the Enemy Act (TWEA)

, 99–100, 108

Trade-based Money Laundering (TBML)

, 39–40

Trading with Enemy Act (TWEA)

, 6–7

Training

, 89

assurance practices

, 93

compliance practices on cyber security teams

, 94–95

internal control practices

, 90–91

risk management practices

, 91–92

TransUnion Company

, 107

Trump Presidency

, 110–111

Trusts

, 7–8

Truth-in-Lending Act (TILA) of 1968

, 8–9, 24–25

Turmoil

, 113

UBS

, 103–104

UK banks

, 16

United Nations

, 16

US Agency for International Development (USAID)

, 110–111

US Bank Secrecy Act (BSA)

, 38–39

US Food and Drug Administration (FDA)

, 110

US government agencies

, 3

US jurisdiction

, 110

US law enforcement agencies

, 3–4

US President Biden Administration

, 109

US sanctions

, 109

US Treasury

, 109

US Troubled Asset Relief Program (TARP)

, 28

Vector Autoregression (VAR)

, 51–52

Violations

, 5

Virtual currencies

, 45

White-collar crimes

, 15–16

Withdrawals

, 37–38

Workplace silos

, 45–46