Trader
Pre-Trading Preparation
Trade Execution
Post-Trade Analysis
Risk Management
Compliance and Reporting
- Log date, time, and price of each trade.
- Record the quantity and type of asset traded.
- Include the counterparties involved in each transaction.
- Document any fees or commissions paid.
- Store records securely for the required retention period.
- Identify applicable regulatory reporting requirements.
- Compile data on trades, including volume and value.
- Ensure accuracy and timeliness of report submissions.
- Use approved formats and channels for submission.
- Keep copies of all submitted reports for future reference.
- Schedule regular audits to assess compliance.
- Review documentation and records for accuracy.
- Evaluate adherence to internal policies and regulations.
- Identify any discrepancies or areas for improvement.
- Prepare audit reports and follow up on findings.
- Implement customer due diligence procedures.
- Monitor transactions for suspicious activity.
- Train staff on AML regulations and reporting requirements.
- Maintain records of AML compliance efforts.
- Report any suspicious transactions to appropriate authorities.
Use in Manifestly