BSA/AML Audit Testing

The audit objective is to ensure that the company’s BSA/AML program is aligned to regulatory requirements and expectations and that the program is being executed accordingly. Our auditing approach provides for continues monitoring and auditing through data analytics for detection of anomalies for further investigation or deviation from compliance. Data analytics allows for testing of new accounts to verify CDD information was obtained and verified within reasonable time, testing of entire population to verify completion of initial sanctions screening prior to account opening, testing of alerts for suspicious activity monitoring, and testing of all cash transactions for currency transaction report (CTR) filing.

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  • Compliance programs
  • Data Analytics
  • Risk Assessments
  • Systems Testing
  • Regulatory Exams