Compliance with Bank Secrecy Act (BSA) and Anti-Money Laundering (AML) laws and regulations is increasingly complex and subjective. To manage and keep your compliance risk low, you need a risk assessment, bank personnel responsible for the program, internal controls, customer due diligence procedures and training activities designed and tailored specifically for your financial institution. To tailor BSA/AML policies and procedures, you'll want to consider your financial institution’s size, the geographies you serve, the products and services you offer, and other operational functions implemented to mitigate your BSA/AML risk. Noncompliance can be costly. Fortunately, you have resources and expertise available to you to help manage your BSA/AML program.
Our BSA examination team includes certified BSA/AML professionals and former financial institution officers with a wealth of experience in bank operations. Their experience includes evaluating BSA operations, evaluating and developing BSA policies and procedures, developing BSA monitoring procedures, sharing information on new and changing regulatory requirements, and providing in-house training for financial institution employees.
What inspires you, inspires us. Let’s talk.