The current BSA/AML environment is one of zero tolerance for exceptions. We continue to see increasing regulatory action for institutions with program weaknesses. We can assist your institution to develop a fully compliant BSA/AML Program in an efficient and effective manner.

Our BSA/AML Advisory Services Successes

• Assisted a $5 billion institution to perform BSA/AML & OFAC Risk Assessments, BSA/AML Software Validation and Data Integrity Testing to resolve outstanding Regulatory findings.
• Led the design and execution of projects designed to remediate MOU findings/ROE findings and MRAs for several banks ranging from $150 million to over $5 billion in assets
• Performed model validations and implementation for all of the major transaction monitoring systems
• Performed staffing analysis for multi-billion dollar bank in accordance with regulatory enforcement action

BSA/AML Advisory Testing, Audit, and Model Risk Services

• BSA/AML Independent Testing
• BSA/AML Independent Auditing
• BSA/AML Model Risk Services
  • BSA/AML validations, optimizations, and assisted implementations of transaction monitoring software

BSA/AML Management Advisory Services

In addition to providing BSA/AML independent testing, auditing, and model risk-related services, Verittas offers a comprehensive slate of BSA/AML management advisory services.

Specific Listing of BSA/AML Management Advisory Services:

• MRA Remediation
• MOU Remediation
• Consent Order Remediation
• BSA Officer Assistance Services
• Staff Augmentation (Alert Clearing, EDD Performance, etc.)
• BSA Staffing Analysis and Assessment
• Development, Improvement, and Implementation of policies and procedures