Kaufman Rossin’s risk advisory services team helps financial institutions evaluate their anti-money laundering (AML) compliance programs, and we provide comprehensive, practical solutions. Our team is experienced in investigating complex money laundering and fraud schemes both domestically and internationally.
Independent testing of compliance
Kaufman Rossin can conduct an independent test of your financial institution’s compliance with the Bank Secrecy Act (BSA), anti-money laundering and Office of Foreign Asset Control (OFAC) regulations and of your institution’s internal policies and procedures.
Failure to adequately manage money laundering risk could expose an organization to legal and regulatory sanctions, financial penalties and reputation damage. Kaufman Rossin can perform a comprehensive review of your financial institution’s customers and entities, products and services, transactions and geographic locations in order to evaluate the related BSA/AML/OFAC risks.
Enforcement action assistance
Our dedicated financial services team has extensive experience assisting financial institutions with responding to regulatory enforcement actions related to anti-money laundering, the Bank Secrecy Act and OFAC. Our team can assist your bank with look-backs, customer file remediation, high-risk account reviews and development of policies and procedures.
BSA/AML automated account transaction and surveillance model and systems validation
Kaufman Rossin can review your BSA/AML monitoring systems and assess their effectiveness and help management identify enhancement opportunities.
Our litigation consulting team can assist you with issues related to regulatory requirements and industry practices. Our professionals have testified as experts in federal and state courts.