Ensured due diligence procedures compliance were followed in regards to suspicious activities of large currency transactions above $ 10,000 and monetary instruments purchases (i.e. cashier's checks, money orders and travelers checks) in amounts exceeding $ 3,000 and above were reported to AML / BSA in a timely manner.
Not exact matches
«We contacted the state multiple times to provide us guidance and to
ensure we were doing
due diligence to comply with policies and
procedures.
AML regulations require institutions allowing customers to open trading accounts to complete
due -
diligence procedures to
ensure they are not aiding in money - laundering activities.
R.K.P.: We have got to
ensure that all our
procedures are followed in letter and spirit and with a huge amount of
due diligence.
Led by the firm's head of real estate Andrew Bembridge, the deal was made even more challenging by the fact it was a share sale transaction and there were no warranties on the underlying environmental state of the properties, requiring extensive
due diligence procedures from all parties (including
ensuring that representations made at interviews between the buyer and seller on environmental issues were not binding).
Risk - based compliance and
due diligence procedures are key to spotting the signs of criminal activity, and submitting SARs (Suspicious Activity Reports) will not only
ensure you comply with the law, but also play a part in tackling money laundering before unlawful funds enter the economic system.
Prepared valuation analyses and cash flow models on prospective acquisitions using ARGUS; and recorded acquisition / sale of 1031 properties on multiple entities Prepared quarterly financial reports for tax auditors using QuickBooks, including all supporting schedules for 10 - K and 10 - Q filings Created / Maintained lease briefs for newly acquired assets and performed
due diligence for prospective acquisitions Managed and reconciled cash for company and 1031 exchange properties; and acted as primary contact for all treasury management issues Filed annual business property statement and recorded estimated income tax payments — state and federal Created accounting
procedures manual and supervised / trained assistants to perform accounts payable tasks Consulted with property accountants to resolve discrepancies in monthly financial reports Provided executives, shareholders, lenders and investors with monthly, quarterly and annual financial reports
Ensured compliance with loan covenants and tenant in common (TIC) agreements
Key Highlights: • Conceptualized and implemented
due diligence procedures to
ensure compliance with investment guidelines as addressed by the Compliance officer and Portfolio Manager.