Our Expertise

BSA/AML audits

While our BSA/AML audits can be tailored to meet your needs, our full BSA/AML audits are designed to provide you with a complete assessment of the effectiveness of your company's BSA/AML program. A full BSA/AML audit serves to meet the required annual independent assessment required by the BSA and assist you in preparing your company for its next regulatory review. Included in a full BSA/AML audit is a review and assessment of policies, procedures, and processes implemented to:

• Comply with BSA/AML and OFAC requirements
• Identify and report suspicious or unusual transactions in accordance with CTR and SAR filing requirements
• Comply with recordkeeping requirements for monetary instruments
• Identify high-risk customers and products
• Train employees concerning BSA/AML requirements
• Comply with Customer Identification Program requirements
• Comply with requirements for sharing information with the government

BSA/AML Training

Our consultants can help you:

• Design and implement training to satisfy BSA annual training requirements
• Tailor training to the various business lines of your organization

BSA/AML Program Development/Enhancement

We can also provide help design and implement BSA/AML policy, procedures and program enhancements with minimal disruption to day-to-day operations.

 

BSA/AML Case Studies

“Next Steps After Receiving Criticism from the Bank Examiners”

“Being Proactive on Compliance”

Bank Secrecy Act /
Anti-Money Laundering Consulting

Compliance with the Bank Secrecy Act and Anti-Money Laundering legislation (BSA/AML) is not only important in avoiding risk but in protecting national security as well. However, finding the resources necessary to implement an effective BSA/AML program can be difficult as the staffs of many growing companies are already stretched in addressing financial reporting and other operating requirements.

Global Atlantic Partners provides expert counsel around BSA/AML compliance issues. If your company lacks the resources necessary to provide an independent assessment of the effectiveness of its BSA/AML program or to implement improvements that have already been identified, we can bridge the gap by providing the expertise and personnel to get it done.

Gain access to critical knowledge

Keeping up with changes in BSA/AML requirements is crucial to avoiding the ramifications of non-compliance. Our consultants have a thorough insider's knowledge of the compliance and regulatory environment in which you are operating and can provide invaluable insight to help you minimize the resources you must devote to BSA/AML compliance.

Add quality and depth to your team

At Global Atlantic Partners, we dedicate senior level consultants to every project. As a company, we limit the number of clients we accept so that we can provide maximal assistance to each. Our consultants have years of experience managing BSA/AML compliance programs for organizations of various sizes.

Lighten your workload with our hands-on approach

Some consultants may limit the scope of their reviews to identifying needed enhancements and leave the burden of implementation on your company. Our BSA/AML consultants are prepared, if requested, to assist you in implementing the needed enhancements resulting from their review.

Helpful resources

Here are several important and helpful links to BSA/AML resources.

Money Service Businesses
www.msb.gov

Financial Crimes Enforcement Network (FinCEN)
www.fincen.gov

Federal Deposit Insurance Corporation
www.fdic.gov

Office of the Comptroller of the Currency
www.occ.gov

The Federal Reserve Board
www.federalreserve.gov