Bank Secrecy Act/AML and OFAC
For community financial institutions, no regulation has had a greater impact on compliance than the Bank Secrecy Act (BSA). Recent regulatory actions demonstrate that the regulatory scrutiny and expectations in the area continue to be a challenge to all financial institutions. Our compliance consultants possess vast experience in this area and work with regulators to understand the evolving emphases. Our ongoing relationships with industry leaders, regulators, and financial institutions – both small and large- provide us with a broad perspective to gauge the direction of BSA/AML and OFAC risks. We use this knowledge to apply practical solutions to the BSA’s more complex problems and relate your institution’s BSA/AML risk in realistic terms We understand that BSA/AML solutions and risks can be vastly different for each organization – and so are our solutions. Our BSA/AML experts possess experience that ranges from the practical challenges of a small community bank, to the management risks of money centers, whole sale, and foreign institutions. Our BSA/AML experts.