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
SEC Announces New Anti-Money Laundering Requirements for Broker-Dealers in Risk Alert
On July 31, 2023, the U.S. Securities and Exchange Commission published a Risk Alert to their broker-dealer members regarding Anti-Money Laundering (AML) compliance examinations and related issues. The Division of […]
Understanding Fintech and BSA/AML: FAQs
When it comes to financial technology (Fintech) companies and BSA/AML (Bank Secrecy Act/Anti-Money Laundering) considerations, there are many key points to understand relating to the overlap between the two from […]
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 […]