The compliance officer is the person who has the day-to-day responsibility of communicating and reinforcing the established anti-money laundering (AML) compliance culture and program within the organization. The compliance officer is also responsible for overseeing the implementation, maintenance, and improvement of the AML policies, procedures, controls, and training. The compliance officer should have sufficient authority, independence, and resources to perform their duties effectively and report to senior management and the board of directors on the status and effectiveness of the AML program.
1, Chapter 4: Designing and Implementing an AML Compliance Program
2, FFIEC BSA/AML Examination Manual, Compliance Program - Overview
3, FinCEN Advisory, Guidance on Promoting a Culture of Compliance
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