Independent AML Program Reviews
Thorough, unbiased evaluations of your AML compliance program per FFIEC, FinCEN, and OFAC standards.
Comprehensive Program Evaluation
Our independent AML program reviews provide a thorough assessment of your anti-money laundering compliance framework, helping you identify strengths, weaknesses, and opportunities for improvement.
Led by former regulators and compliance experts, our review process goes beyond checkbox compliance to evaluate the effectiveness and efficiency of your AML controls in relation to your specific risk profile.
Key Components We Evaluate
Policies & Procedures
Review of internal controls, policies, and procedures for clarity, adequacy, and compliance with current regulations.
Customer Due Diligence
Assessment of KYC/CDD/EDD processes, including customer identification, risk rating, and ongoing monitoring.
Transaction Monitoring
Evaluation of systems and processes for identifying, investigating, and reporting suspicious activity.
SAR/CTR Filing
Review of SAR and CTR reporting processes for accuracy, timeliness, and consistency with regulatory expectations.
Governance & Oversight
Assessment of board and management oversight, independent testing, and the role of the AML Compliance Officer.
Training Program
Evaluation of the adequacy and effectiveness of AML training for all relevant personnel and management.
Our Review Process
Initial Assessment
We begin with a preliminary review of your risk assessment, policies, and prior audit reports.
Risk-Based Testing
We perform targeted testing of high-risk areas identified during the initial assessment.
Gap Analysis
We identify any deficiencies or areas where your program may fall short of regulatory expectations.
Remediation Planning
We provide actionable recommendations and assist in developing a plan to address identified gaps.
Implementation Support
We offer guidance and support as you implement enhancements and remediation measures.
Benefits
Regulatory Confidence
Gain assurance that your AML program meets all applicable regulatory requirements.
Risk Mitigation
Identify and address compliance gaps before they become regulatory issues.
Operational Efficiency
Optimize your compliance processes to reduce costs while maintaining effectiveness.
Expert Insights
Benefit from our team's deep regulatory knowledge and industry best practices.
Ready to Strengthen Your Compliance?
Let's discuss how we can help your institution achieve and maintain regulatory excellence.
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