Consulting | BSA/AML Consulting Services
BSA & AML Consulting Services
Increasing scrutiny on BSA/AML compliance, combined with more intense examinations, signals the clear need to ensure that your BSA/AML compliance program is sufficient to meet today’s demands. Staying on top of these requirements and remaining compliant, with fewer available resources, is a significant ongoing challenge for most financial institutions.
With over 60 years of combined industry experience, The Wolters Kluwer Financial Services team of accomplished former bankers and regulators understand the regulatory demands you face every day. We’ll provide the technical and regulatory knowledge to help you efficiently and effectively remain in complete compliance.
A Complete Suite of BSA/AML Consulting Services:
Comprehensive BSA/AML Compliance Program Review – We’ll start with a compliance risk analysis, evaluate your policies and procedures, and then supplement the review with recommendations for training, technology, best practices, workflow optimization and custom documentation.
Policies & Procedures Development – In partnership with your institution, we’ll develop and document the appropriate BSA/AML compliance processes and ensure they are adopted into effective operational processes and practices.
Independent Testing – A thorough, risk-based, independent testing service that will effectively evaluate the quality of AML/CTF/BSA risk management and mitigation practices for your financial institution.
Institutional & Customer Risk Assessments – Stay in compliance with our enterprise-wide and targeted risk assessment service which will determine your institution’s vulnerability to money laundering and terrorist financing.
Suspicious Activity Investigations – Our consulting team will work with your financial institution to adopt best practices in conducting investigations and procedures for completing and filing SARs.
On-going Training - We offer ongoing training programs to help ensure that all financial institution personnel are well-informed regarding how AML/CTF/BSA impacts their part in maintaining regulatory compliance.
Click here for to contact a BSA/AML specialist about our Consulting Services.