Smart bank and nonbank institutions recognize the value of bringing in outside assistance to ensure their compliance with Bank Secrecy Act/Anti-Money Laundering (BSA/AML) regulations because the costs of non-compliance are steep and may include:
- Civil penalties may be assessed on the institution and individuals
- Risk of business, financial, and reputational loss
Audit Services has extensive knowledge, practical skills, and hands-on experience in helping institutions develop and implement sound AML compliance controls for the detection and prevention of money laundering and other financial crimes.
Independent Testing
A thorough, independent evaluation of the AML compliance program.
Training
Comprehensive instruction, via live seminars or on-demand webinars, from respected industry professionals on a variety of BSA/AML topics.
Compliance Consulting
One-off or ongoing assistance to help clients establish best practice governance for their AML compliance program.