We guide, help, and train the MSBs with everything related to the Bank Secrecy Act (BSA),
and the legal compliance regulations of the financial industry.
We do for your business
the AML Compliance Program Manual, the annual Independent Review, the training of the personnel, the business plan for your new idea,
the transaction analysis.
We provide you with an AML Compliance Program Manual, in English and Spanish, designed exclusively for your business!
very important for your business.
The program requirements must include monitoring policies and procedures to allow the risks associated with the operation to be understood and explained. Under the rules of the Bank Secrecy Act (BSA), agents are responsible for the development of policies, procedures and internal controls of the agency. Each MSB is independent and fully responsible for implementing the appropriate AML program requirements.
The Bank Secrecy Act (BSA) requires money service companies (MSB) to establish anti-money laundering programs that include "an independent audit function to test the programs." The regulation of the Bank Secrecy Act requires that money service companies establish anti-money laundering programs with written policies and procedures.
Transaction analysis is one of the most important parts of an MSB's operational monitoring. With the analysis, you can obtain the identification of transactions that could try to evade the reporting and archiving requirements of the BSA, clients that provide insufficient and/or suspicious information, some activity that is not consistent with the client's activity or occupation, and changes in transactions or transaction patterns among others.
We work these different requirements for you and we make sure you have them updated.
Our reports and manuals contain references to federal and state laws, policies, procedures, and regulations, which govern MSBs. These items are important for employee training and for reference in the event of an IRS or State audit.
20 Important Areas of your Anti-Money Laundering Program.
these are just some of the services we can help you with ...
From recovering your FinCEN password, to orientation and preparation for an audit.
Our clients are
supported at all times.
We have the flexibility you need.
We create an AML Compliance Program for you that includese your business processes. We deliver a personalized program,written in English and Spanish.
The Independent Review must provide a fair and impartial evaluation of each of the required elements of the agency's Anti-Money Laundering Program, including related policies, procedures, internal controls, registration and reporting functions, and training with the Bank Secrecy Act (BSA).
In addition to the requirement of the Bank Secrecy Act (BSA), the analysis of transactions allows you to clearly identify any suspicious activity that could be taking place in your business such as wires to a person, from drug trafficking collections by several people, the payment of coyotes or simply structuring.
The agency must document its training programs. Training and testing materials and dates of training sessions must be maintained by the agency. In addition, training materials and records should be available for review by the auditor or examiner. The agency must maintain documentation of attendance records and any staff failures as well as corrective actions taken to address such failures.
And that little help, is on us!
BSA regulations are very specific. We help you implement, maintain, and comply with the Law.
You should analyze the information you obtain from the customer to determine if it is enough to form a reasonable belief that you know the customer.
You should keep records of all identification forms, receipts, Know Your Customer (KYC) or other customer information, obtained at the time of transaction.
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