The Area Compliance Officer is responsible for the execution of a comprehensive anti-money laundering compliance program based on law(s) applicable across the region. This position would be responsible to comply in accordance with the Bank Secrecy Act (“BSA”), the Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism (“USA PATRIOT Act”), other applicable federal, state, local and foreign anti-money laundering laws, and the economic sanctions laws overseen by the Office of Foreign Assets Control (“OFAC”) of the Department of the Treasury, and their implementing regulations (collectively, “AML Laws”), The Department of Treasury Code Federal Regulation Title 31 : Money and Finance, Subtitle B Regulations Relating to Money and Finance, Chapter I Monetary Offices, Department of the Treasury, Part 103, stipulates a risk program designed to detect AML and/ or terrorist activity.
The Sales Representative ensures growth of wires through the recruitment of new agents. Training new agents, promoting agent locations and implementing compliance programs are important objectives. This person promotes the growth in profitability, revenue, and number of wires in any specified territory and ensures adherence to regulatory requirements.