Our Perspective We believe that there are seven key standards that provide the foundation of a successful AML Program. When we evaluate or design your regulatory compliance programs, we use these key standards as a benchmark. - Knowledge - AML Programs and Policies should be demonstrate an understanding and knowledge of the regulatory requirements.
- Translation - The regulations should be translated into actionable risk based guidelines.
- Commitment/Funding - There should be strong evidence of enterprise level commitment and funding for the program.
- Communication/Training - A well defined communication and training plan is in place.
- Architecture/Data Standards - The solution being used to implement the AML program should comply with enterprise-wide architecture guidelines.
- Information and Document Management - Timely retrieval of information and documents is critical to success.
- Accuracy - Independent periodic reviews and tests of the AML program confirming accuracy of the data is required.
Our solutions focus on customer fraud and more specifically the Bank Secrecy Act. Our offerings begin with detection activities and run through case remediation with emphasis in the critical areas of:
Want to learn more? Click here to view the Enterprise Risk Management Practice Summary
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