BSA/AML Compliance
Strategic Advantage
Through Realistic Solutions
SOLUTIONS
Our Clients
What We Do
Our clients include:
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> Crypto Currency Exchanges
> Card Program Managers
> Payment Processors
> Money Service Businesses
> Money Transmitters
> Prepaid Access
> Currency Exchanges
> Check Cashers
> Banks
>Credit Unions
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> BSA/AML/OFAC
Independent Reviews
> Compliance Training
> Licensing
> Banking Assistance
> Due Diligence Evaluations
> Risk Assessments
> Compliance Consulting Services
BSA/AML/OFAC
Independent Reviews
We provide thorough, well documented independent BSA/AML and OFAC reviews and testing that meets federal and state regulatory requirements and industry standards. The independent reviews we provide are in accordance with appropriate state and federal laws and regulations and the FFIEC BSA/AML Examination Guide's examination procedures.
Assistance with Banking
Banks need to see solid operations and a robust compliance program. We can help (and have helped) high risk clients obtain and maintain banking services.
Training
We provide BSA/AML and OFAC staff training and tailored Board training for all bank and non-bank financial institutions (e.g., Fintechs, Crypto Currency Exchangers, Money Transmitters, Program Managers, Payment Processors and Currency Exchanges).
Licensing
We can evaluate your circumstances and provide an evaluation of your ability to obtain a money transmitter license in a particular state. If your company is a good candidate, we can help you get and maintain a money transmitter license. If not, depending on your situation, we can work with you to get to the point where you can obtain a money transmitter license.
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Due Diligence Evaluations
Thorough and comprehensive reviews, assessments and evaluations of existing compliance programs (policies, procedures and internal controls) that can be used as an internal diagnostic tool in determining compliance program integrity and adequacy, as well as a report for verifying program functionality and capacity for evaluation in an acquisition or merger.
Risk Assessments
Development of tailored, detailed enterprise BSA/AML/OFAC risk assessments supporting a risk-based compliance program with transaction monitoring and sanctions filtering.
Compliance Consulting Services
We provide critical compliance related information and recommendations for use in designing new platform functionality, as well as recommendations for improvement of existing platforms.
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Based on the client's BSA/AML/OFAC risk assessment, we work with the client to deliver a a comprehensive BSA/AML/OFAC Compliance Program. We will create it, develop it, and deliver something that is compliant, meaningful and useful. Nothing is "cookie-cutter" or "off the shelf". If you already have a compliance program, we can help by updating and improving it.
We can also assist in determining the most appropriate method and form of transaction monitoring, taking into account volume and velocity thresholds and other compliance measures which can help to mitigate risk. We will also provide guidance and recommendations to assist in future planning and scaling.
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Get to Know Us
​We are subject matter experts on Bank Secrecy Act, USA PATRIOT Act and AML compliance and financial and payment network industry standards.
Our expertise includes developing risk assessments and establishing an appropriate risk management process. We do remediation, internal control testing and validation, as well as implementation of automated, analytical and AI compliance features. Because we work with high risk entities in highly regulated sectors (i.e., e.g., money transfer, card programs, payments, crypto), we have developed an ability to navigate through regulatory ambiguity in a fast-paced, dynamic environment.
​We can help.
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WHAT WE DO
Our professional audit, training and consulting services are custom-tailored to each client in order to provide effective services and solutions consistent with the Bank Secrecy Act, the USA PATRIOT Act, OFAC, UDAAP, Reg E and any other applicable laws and/or regulations and industry standards. We look for practical and realistic solutions that consider a client's business operations, to apply anti-money laundering, counter-terrorist financing, and fraud prevention.
We offer wide range of services that take into account a client's unique organizational structure, business lines, services and products, and consider geography, customer profiles, the legal and regulatory landscape and any projected or existing timetables.
We do what we can to help our clients push through complex issues involving compliance and regulations.
CONTACT
BSA COMPLIANCE SOLUTIONS
For any inquiries, please fill in the following contact form:
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