Creating policies is Step 1. But are you actually following them?
In the current regulatory environment, financial institutions frequently find themselves facing tough mandates and regulatory actions related to money laundering and terrorist financing. The potential sanctions, penalties, and risk to reputation are daunting.
Our team has extensive experience assisting financial institutions with anti-money laundering (AML), Bank Secrecy Act (BSA), and Office of Foreign Assets Control (OFAC) compliance programs.
Our services include:
- Independent testing of compliance with: Bank Secrecy Act, Anti-Money Laundering Rules and Regulations, and Office of Foreign Assets Control
- AML/BSA/OFAC risk assessment
- AML Due Diligence
- Customer Identification Program (CIP), Customer Due Diligence (CDD), and Enhanced Due Diligence (EDD) review and remediation