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BSA/AML Compliance Services
The Bank
Secrecy Act/Anti-Money Laundering compliance reaches into
virtually all corners of the financial services industry. For
some, these requirements are a burden, but taken in stride. For
others, they are the proverbial square peg in a round hole – no
fit has been found. For all, the penalties resulting from
non-compliance are too high to be taken lightly. ADI’s BSA/AML
Consulting Services are based on experience and demonstrated
expertise. We deliver those services in a customized way to meet
your needs. We offer a thoughtful approach based on a clear-eyed
assessment of your situation and objectives. Then we design a
plan of action – spelling out the steps needed to reach your
goals. Finally, we work with you to implement that plan.
ADI’s paradigm of assess, design, implement applies in
many ways in all facets of a client’s BSA/AML Compliance
Program. ADI can help you assess your situation, design a
solution, and work with you to implement the changes.
Compliance Program
Assessment: For many reasons, your organization can
benefit from an independent assessment of its compliance
program. ADI can conduct the assessment you need. We can tell
you whether you should to be concerned and why. We can also tell
you what steps are needed to improve compliance. Our experienced
consultants will conduct the assessment. Then, ADI will provide
the resources for implementing its recommended actions.
Policies and
Procedures: Policies and procedures must meet two
goals: (1) stay current with changes in regulations, regulatory
guidance, and industry experience, as well as with business
processes, new markets and products, and new information
systems; and (2) be accessible to and used by employees. ADI can
assess the current state of your policies and procedures, design
the enhancements you need for this critical part of your
compliance program, and then work with you to implement them.
Independent Testing:
Helping to develop and institute an effective BSA/AML program is
the first part of the challenge. Ensuring that that program
meets its objectives year in and year out is the second part.
ADI can help you meet your obligation to conduct annual
independent testing of your BSA/AML program. We have experienced
consultants who know how to tailor an effective testing program,
to execute the testing in a constructive way, and to document
the results in a manner that promotes program improvement.
Training:
Providing effective employee training regarding BSA/AML is
another critical component of a compliance program. ADI can
provide customized training materials, and deliver that training
in a classroom setting for your employees. Alternatively, ADI
can help you evaluate and select online training vendors.
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Contact us
to see how ADI can assist you in managing your BSA/AML
compliance risks.
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