BSA/AML Solutions, Inc. offers its clients the opportunity of having a pre-examination review performed of your institution BEFORE the bank examiners arrive for their BSA/AML examination. If adequate lead-time is provided, any apparent violations might be able to be corrected before your examination begins. Our pre-examination review could alert you to potentially serious problem areas which could lead to substantial penalties being assessed.
We specialize in the following areas:
- BSA/AML Risk Assessments
- OFAC Risk Assessments
- Independent Annual BSA/AML Reviews
- Resolution Provider for:
- Board Resolutions
- Memorandum of Understanding
- Cease and Desist Orders
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- Customer Identification Program (CIP)
- Money Services Business (MSB)
- USA PATRIOT Act
- Policies & Procedures
- 314(a) & (b) Programs
- Anti-Money Laundering & Anti-Terrorist Guidance
- OFAC
- Internal Controls
- Customer Due Diligence (CDD) & Enhanced Customer Due Diligence (ECDD)
- Implementation of BSA/AML Software Programs
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BSA/AML Software BSA/AML compliance is becoming more and more expensive as existing laws, rules and regulations change and become burdensome to understand and implement in your financial institution. Failure to have adequate systems in place can
possibly result in substantial Civil Money Penalties levied by the bank regulators and/or FinCEN.
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