# AML KYC compliance
> Source: https://legalcode.md/skills/legalcode-aml-kyc-compliance | [HTML version](https://legalcode.md/skills/legalcode-aml-kyc-compliance)

Design, assess, and gap-analyse Anti-Money Laundering and Know Your Customer compliance programs covering: Customer Due Diligence (CDD) and Enhanced Due…

Design, assess, and gap-analyse Anti-Money Laundering and Know Your Customer compliance programs covering: Customer Due Diligence (CDD) and Enhanced Due Diligence (EDD) procedures; beneficial ownership identification (FinCEN CDD Final Rule 31 C.F.R. § 1010.230, Corporate Transparency Act, EU AMLD/AMLR, UK MLR 2017); sanctions screening (OFAC SDN/50% rule, EU Consolidated List, UK OFSI, UN Security Council); Politically Exposed Person (PEP) identification and risk rating; Suspicious Activity Report (SAR) filing procedures (30/60-day deadlines, tipping-off prohibition); Currency Transaction Report (CTR) filing ($10,000 threshold, structuring rules); transaction monitoring rule design (velocity, structuring, behavioral alerts); enterprise risk assessment methodology; BSA/AML five-pillar program governance; employee training requirements; independent audit/testing procedures; and regulatory examination preparation. Aligned with BSA/AML (US), EU AML Package 2024 (AMLR Reg. 2024/1624, Dir. 2024/1640), AMLD6 (Dir. 2018/1673), POCA 2002 / MLR 2017 (UK), and FATF 40 Recommendations. Use when building a new AML/KYC program, assessing an existing program against regulatory expectations, preparing for a regulatory examination, remediating a consent order, or designing a risk-based customer due diligence framework. Produces compliance gap assessments with COMPLIANT / PARTIAL / NON-COMPLIANT / CRITICAL DEFICIENCY classifications, remediation action plans with prioritized timelines, and board-ready program assessment documentation. Jurisdiction-agnostic core with US/EU/UK markers.

This skill designs and assesses AML/KYC compliance programs against the major global regulatory frameworks: the US Bank Secrecy Act / FinCEN rules, EU Anti-Money Laundering Directives and the 2024 AML Package, UK Proceeds of Crime Act 2002 and Money Laundering Regulations 2017, and FATF 40 Recommendations. It operates across three modes: - **Build**: Construct a new AML/KYC program from scratch for a financial institution or obliged entity - **Assess**: Gap-analyse an existing program against regulatory expectations and enforcement benchmarks - **Remediate**: Design a remediation roadmap following a consent order, examination finding, or internal audit deficiency **Covers:** - Enterprise AML/KYC risk assessment (inherent risk → controls → residual risk) - Customer Due Diligence (CDD) program design — Standard / Simplified / Enhanced tiers - Beneficial ownership identification (25% threshold, control prong, certification) - Sanctions screening framework (OFAC SDN + 50% rule, EU/UK/UN lists, hit adjudication) - PEP identification, risk rating, and ongoing monitoring - Transaction monitoring rule design (rule-based alerts + red flag typologies) - Suspicious Activity Report (SAR) and Currency Transaction Report (CTR) filing procedures - BSA/AML program five-pillar assessment (+ FinCEN 2024 proposed sixth pillar) - Employee training program design (BSA Officer, front-line, senior management) - Independent testing / ...

## Jurisdictions

Global



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