Outsourcing | BSA/AML

BSA/AML Outsourcing

Outsourcing takes the difficulty and risk out of BSA/AML compliance

Increased regulatory scrutiny and large fines have made BSA/AML compliance more important that ever. You must have a risk-based program with proof of consistent compliance, which takes continuous, rigorous oversight and time-consuming documentation.

Outsourcing BSA/AML compliance to our US-based operations center eliminates these  tasks and reduces the workload on your staff, so they have more time for case investigation and management.

Optimize your BSA/AML compliance program

PCi outsourcing services are custom-tailored to your institution’s specific requirements. Depending upon your needs, outsourced BSA/AML services can include:

• Ongoing transaction monitoring of money laundering, currency transaction, suspicious activity detection, and OFAC compliance
• Interdiction & control list activities
• Creation and updating of BSA/AML policies and procedures
• Ongoing employee regulatory training programs
• Pre-exam material submissions and exam preparation
• Executive reports and presentations
• Independent audit function
• CTR and SAR report completion
• Data integrity audits (if required)
• Consumer information programs

Our BSA/AML experts will define your needs and then work with your compliance managers to develop a BSA/AML program customized for your institution. Upon approval, you’ll send your data to us via secure channels, where we’ll analyze it and then prepare executive reports for your review.

You get the timely reports you need to manage your BSA/AML risk and optimize your compliance program. 

To learn more about outsourcing your BSA compliance program, click here to contact an outsourcing sales specialist.