Are you compliant with all state and federal laws?
Do you have formal anti-money laundering (AML) policies and procedures in place?
Do you know how to properly store and file documents pertaining to the Bank Secrecy Act (BSA)?
Have you registered with FinCEN as a money services business (MSB)?
Do you have a designated company compliance officer?
Are you properly training your employees?
Don’t wait for the letter from your bank or the IRS requiring you to get an independent review of your AML program. Let us help you. AllTrust offers a variety of packages and programs to make sure your business is not at risk. With certified professionals from the Association of Certified Anti-Money Laundering Specialists (ACAMS), we can get you on the road to sustained compliance.
Review and Testing – An audit of internal controls, policies and procedures, training, responsibilities and compliance.
Written Guidelines – Our auditors will help you prepare written policies, procedures & internal controls designed to assure AML compliance with BSA requirements, including OFAC, CTR and SAR policies.
Roles and Responsibilities – We will provide a detailed roles and responsibilities guide for your Compliance Officer.
Transactions Review – A detailed review of your MSB transactions to determine how to characterize your business, look for risks, and identify potential problem areas. With the transactions review our auditors can provide review and monitoring of OFAC, CTR and SAR compliance.
Risk Assessment – After the initial review, our specialists will identify risk areas, actions required for compliance, and provide you with management processes to stay compliant.
Mitigation – We work with you to implement procedural controls, proper documentation, reporting, and licensing.
Reports – Once proper processes are in place our specialists will prepare written reports for your financial institution or the IRS auditor.
Periodic Audits – With your new program in place it is important to do internal audits and verification. Our auditors will set up monthly, quarterly and annual testing programs to insure that your business stays compliant with federal and state laws.
Training – Policies and procedures won’t do any good if you don’t train your team. Our auditors will perform custom training and certification of your management and staff.
Response – When you need to respond to law enforcement and subpoenas, we will help you provide process documentation, audit results, personnel certification and transactions research.