Bsa/aml compliance officer vs compliance specialist

Differences between bsa/aml compliance officer and compliance specialist duties and responsibilities

Bsa/aml compliance officer example responsibilities.

• Participate in OCC exam preparation and review including research and presentation of documentation to achieve compliance with federal examiner requests.
• Conduct and verify that OFAC rules and regulations are apply and follow for assets from target foreign countries and individuals.
• Identify all transactions in OTC equity securities and ascertain that every recommendation to customers meet suitability standards via exclusion or exemption.
• Create policies, procedures, and train bank staff regarding HMDA reporting.
• Complete suspicious activity reports (SARs) to notify FinCEN of suspect incidents of money laundering or fraud.

Compliance specialist example responsibilities.

• Lead bi-weekly Medicaid meetings to maintain effective communication with all staff regarding AHCA updates and notifications.
• Manage and submit regulatory permit and notification applications to USDA to import, move and release regulate plant materials.
• Participate in OCC exam preparation and review including research and presentation of documentation to achieve compliance with federal examiner requests.
• Access the IDX system to obtain patient billing information in order to review Medicare and Medicaid payments.
• Develop training materials to be used company-wide for regulatory mandate continuing education; create written policy manual for ethics and compliance.
• Perform SOX control testing and validation.
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