BSA/AML
BSA/AML services, staff augmentation, risk assessment, and more.
Ensure Compliance. Avoid Serious Penalties.
Bank Secrecy Act/Anti-Money Laundering (BSA/AML) compliance reaches virtually all corners of the financial services industry – and the penalties for non-compliance are too high to be taken lightly. Team Adhoc is a BSA/AML, fraud, and mortgage compliance staffing company backed by decades of experience and demonstrated expertise in this area. Our services are delivered in a customized, measurable way to meet your needs.
Our BSA/AML Service Offerings
Headquartered in Los Angeles and serving financial institution clients nationwide, we provide on-site and off-site BSA/AML staff augmentation needs. Our highly-seasoned consultants have broad insight to navigate complex compliance initiatives, including:
Utilizing our highly experienced SAM team, we assist all types of financial institutions in addressing monthly alert clearing and backlogs, case investigation, and SAR filing as either a segmented process or end-to-end review, across all transaction monitoring platforms.
Utilizing our highly experienced KYC team, we assist all types of financial institutions in addressing ongoing CDD needs as well as specialized EDD for the highest-risk customer groups, including MSBs, MRBs, and cryptocurrency.
We evaluate the scope of engagement, provide projections regarding production analytics, and provide volume staff.
We help strengthen your BSA/AML compliance program by implementing formal processes to track and report on remediation efforts. We take a risk-based approach that focuses transactional testing on higher-risk accounts or geographic areas of concern.
Proven BSA/AML Advisory Services
The regulatory environment is constantly changing. Let us keep up with it for you. Our management team has extensive, current on-site experience helping retail and commercial banks, brokerage firms, payment services and network operators, and credit card issuers hedge AML risk and strengthen internal controls as part of highly publicized FRB, OCC, FDIC, and state level enforcement actions.
We've assisted financial institutions in the following subject matter areas:
We evaluate enterprise-wide risk associated with products, services, customers, and geographies, and we offer comprehensive documentation, enhanced OFAC screening, and improved methodology for assessing OFAC risks.
We help form governance structures with clear lines of responsibility and implement measures to improve the information reported to the board of directors regarding compliance with BSA/AML requirements and OFAC regulations.
We develop and implement specialized training programs for all operational and supervisory personnel responsible for monitoring, investigating, and reporting suspicious activity.