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BSA/AML
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Services

What Institutions and Businesses Benefit From Associated Risk Group?

We focus our expertise on the following types of financial institutions:

  • Banks
  • Money Service Businesses
  • Registered Securities
  • Precious Metals Dealers
  • Vehicle Dealers
  • Credit Unions
  • Savings Associations
  • Broker/Dealers
  • Pawnbrokers
  • Loan and Finance Companies
  • Real Estate Professionals
  • Insurance Companies
  • Investment Companies
ARG Regulatory Compliance Solutions

Bank Secrecy Act (BSA) / Anti-Money Laundering (AML) Compliance Examination Preparation and Assistance

  • Responding to Regulators' requests and preparing examination materials.
  • Properly addressing Cease & Desist, Written Agreement, and Memorandums of Understanding.
BSA/AML Compliance Review
  • Conduct a risk-based review to help evaluate your BSA/AML program.
  • Experienced consultants will create a review program to identify your high-risk areas and provide constructive recommendations that promote program development.
Comprehensive Risk Assessment
  • Design a customized risk assessment that adequately analyzes your institution's regulatory risks, size, products, customers, and geographical locations.
Development of Policies and Procedures
  • Create policies and procedures that fit your business model, markets, products, and systems.
  • ARG will review current policies and procedures, design the enhancements, and help you to implement them.
Transactional Monitoring / Investigations
  • Assist institutions with vendor selection and implementation of monitoring software.
  • Help you identify, review and document suspicious transactions within your institution.
Safeguarding customer information (Data Breach)
  • Developing an Incident Response Program to manage loss of sensitive customer data.
  • Provide assistance when dealing with the loss of sensitive information which includes investigations, documentation, and notification to law enforcement, regulators and affected customers.
BSA/AML Training
  • Build customized training materials to help employees understand the regulatory requirements.
Mergers and Acquisitions Due Diligence
  • Assist with the review and integration of compliance programs.
  • Identifying and analyzing potential regulatory risks before the merger/acquisition is complete.
Red Flag Identity Theft Prevention Program

Red Flag Guidelines and Address Discrepancies are the two areas recently adopted by the bank regulatory agencies which implement Sections 114 and 315 of the Fair and Accurate Credit Transaction Act (FACT Act). The joint rules and guidelines became effective on January 1, 2008. Mandatory compliance with the rules is November 1, 2008. Associated Risk Group can assist with the preparation, design and implementation of your Red Flag Identity Theft Prevention Program.

Contact us to discuss your compliance needs and learn how ARG can create a customized program for your institution.


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