The West Coast is a nexus of foreign financial activity into the US from Latin and South America and Asia. We face the ever present challenge of record keeping compliance and vetting our clients. However, in many cases the readily available information validating what is presented to us is somewhat lacking. This incompleteness and uncertainty has led many in the industry to engage in de-risking.
AML practitioners have indicated that verifying the source of income provided the most challenging area to include in their compliance plans. These challenges are in areas such as EB5 visa, validating foreign source of funds, and record keeping requirements especially in light of attempts to streamline international travel documentation requirements. Come join us for a discussion of the current roadblocks and strategies to put those clients back on your risk assessment.
Here in Vegas, the house always wins. Don't make KYC risk a game of chance; stack the deck in your favor.
Items we will cover:
EB5 requirements and difficulties
Border state issues in Mexico and Asia
Vetting foreign clients
Validating source of funds
Senior Internal Auditor,
MGM Resorts International