Bank Secrecy Act / Anti-Money Laundering Services
Withum’s Bank Secrecy Act (BSA) / Anti-Money Laundering (AML) professionals have in-depth experience to help institutions of various sizes and complexity manage their regulatory compliance risk management programs.
Regulatory Compliance Services
- Remediation for KYC and Enhanced Due Diligence (EDD)
- Compliance Resource Augmentation – Management and Staff
- Compliance Program Risk Assessment Development and Testing
- Staffing Analysis
- Target Operating Models
- NYS DFS Part 504 Compliance
- Enhancement of Program Policy and Procedures
- Model Validations / Program Reviews
- Data Validations
- System Calibrations & Implementations
- Strategy
- Technology and Risk Assessments
- Program Review/Gap Analysis
- DFS Part 500
- IT and Cyber Audits
- Artificial Intelligence
Why Withum
Withum’s Bank Secrecy Act / Anti-Money Laundering Services Team offers the competencies of experts in compliance, BSA matters and cybersecurity for businesses of all sizes. We understand the holistic risks and challenges faced by small and large businesses that are trying to build, manage and refine their risk management and compliance programs.
Our diverse team of Certified Anti-Money laundering Specialists (CAMS) include former federal law enforcement agents, financial industry professionals and former regulators to help you navigate the challenges you face.
Contact Us
For more information or to discuss your business needs, contact Withum’s Forensic and Valuation Services Team.
Leadership
Insights
FinCEN Imposes $1.5 Million Fine Against Trust Company for BSA/AML Violations
On April 26, 2023, FinCEN (Financial Crimes Enforcement Network) enacted its first enforcement action against a trust company. In this case, The Kingdom Trust Company (Kingdom Trust) was fined a […]
Case Study: Regional Bank With Limited Resources Satisfies Deficiencies in Its AML Program
Learn how a multi-million-dollar U.S. retail bank with several branches that was non-compliant with regulatory controls was repositioned for success with the help of Withum’s BSA/AML (Bank Secrecy Act/Anti-Money Laundering) […]
Case Study: Technology Company Positioned for Compliance With Bank Requirements To Address AML Risk Mitigation
Learn how Withum’s BSA (Bank Secrecy Act)/AML (Anti-Money Laundering) experts helped build a unique compliance program for an industrial technology company, allowing them to continue business operations while satisfying all […]