BSA/AML Assessment

An effective Bank Secrecy Act (BSA) compliance program includes policies and procedures to address specific guidance as it relates to money laundering, customer identity, foreign assets control, terrorist activity monitoring and other areas identified within the Bank Secrecy, Anti-Money Laundering (AML) and the USA PATRIOT Acts.

Features to Look for in a BSA/AML Audit Service

A BSA/AML audit program can help you verify that you are on the right track when it comes to BSA compliance and ensure you have the tools in place to assess risk and prevent financial crime from happening at your institution.

A good BSA/AML Audit Service will:

• Assist in developing comprehensive policies and procedures that promote awareness and understanding of your institution’s anti-money laundering responsibilities and activities
• Review risk to your institution and assign a risk profile based on your products, services, customers and geographic location
• Conduct risk-based transaction testing to verify the financial institution’s adherence to the BSA recordkeeping and reporting requirements
• Evaluate the efforts of management to resolve violations, deficiencies from previous audits and regulatory examinations
• Review effectiveness of suspicious activity monitoring systems used for BSA/AML compliance

Reviewing Your BSA/AML Program with ATTUS

ATTUS Technologies knows that the requirements provided under the BSA regulation can be complex and sometimes confusing. This is why when you choose ATTUS for your BSA Audit, one of our knowledgeable RISC Services Consultants will come on-site and perform a thorough review of your institution’s BSA/AML compliance program.

In addition to the features above, advantages of using ATTUS for your BSA Audit are:

• Evaluates the adequacy and effectiveness of your overall BSA compliance program with risk based testing – includes policies, procedures, physical files, reports, programs and more
• Provides a comprehensive report to identify areas of improvement and recommendations for strengthening our overall risk management
• Allows for ongoing support and advice from ATTUS experts, even after the audit is complete

Let ATTUS give you the most comprehensive, timely and professional BSA Audit available.