New Anti-Money-Laundering Handbook

DTCC’s newly published handbook on preventing and detecting money laundering was distributed to employees in November. The 24-page handbook, “Safeguarding Our Reputation,” provides practical, relevant information to help employees identify and report possible violations of laws and regulations that target money laundering and other financial crimes.

The handbook describes the key statutes and regulatory bodies that administer anti-money-laundering (AML) policy in the United States, explains DTCC’s suspicious incident reporting system and provides contact information for this reporting, and offers several examples of transactions and other business activity that should raise “red flags” among DTCC staff members.

“Safeguarding Our Reputation” represents the latest in a series of AML resources DTCC has developed for employees. In 2008, the company’s Education Center will introduce enhanced scenario-based AML training. In addition to enterprise-wide training for all employees, the program will include interactive e-learning courses targeted to staff in high-risk control functions and in customer-facing areas.  @