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International Money Laundering Directives

T1. OFAC and AML: This topic will explore the goals and purpose of the Office of Foreign Assets Control (OFAC), which administers and enforces economic trade sanctions based on U.S. foreign policy and national security goals.

T2. USA PATRIOT Act and AML: This topic will discuss the tenets of the USA PATRIOT Act, including how the 2001 law amends the Bank Secrecy Act (BSA) and address countries of primary money laundering concern.

T3. The Financial Action Task Force: This topic will expand upon the aims of the Financial Action Task Force (FATF), an intergovernmental organization that develops policies to combat money laundering and terrorism financing on a global scale.

T4. The United Nations (UN): This topic will educate the learner on the role the United Nations (UN) has played in the establishment of Anti-Money Laundering (AML) policies around the globe.

T5. The European Union (EU): This topic will take a look at the European Union (EU), a political and economic community made up of member states, and will discuss how the EU works in the international financial realm.

T6. Gulf Corporation Council (GCC): This topic will introduce the learner to the Gulf Corporation Council (GCC), which seeks to unify the Gulf area for mutual economic benefits.

T7. The Basel Committee: This topic will familiarize the learner with the purpose of the Basel Committee on Banking Supervision, including a look at its policies on customer identification and account and transaction monitoring.

T8. The International Monetary Fund (IMF): This topic will provide the learner with details about the International Monetary Fund (IMF), which is responsible for tracking global economic trends and performance, and which supports its membership in various ways.

T9. Cover Payments: This topic will provide details on funds transfers, transactions by which funds are moved from one account to another, and will discuss complex funds transfers, cover payments, and enhancing transparency in international payments.

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