Rules and regulations are getting more complex each year, and financial services firms must be able to keep up with the myriad of existing and changing requirements. CrossCheck Compliance has the expertise to help you navigate the changing regulations and implement practical solutions, allowing you to take control of your compliance responsibilities.
CrossCheck Compliance provides expert, independent compliance services, including:
By having a comprehensive methodology and trained professionals who understand the regulatory challenges facing financial institutions, CrossCheck Compliance offers a cost-effective approach to its risk-based compliance audit services.
Whether you need an audit of a specific area of compliance (i.e. the new Truth in Lending Act (TILA) and Real Estate Settlement Procedures Act (RESPA) rules) or an audit of your entire compliance program, CrossCheck Compliance can tailor an engagement to meet your specific needs. A comprehensive compliance engagement typically includes a thorough compliance risk assessment, development of a multi-year audit plan, completion of the audit plan, and supplying management with practical, best practice recommendations for weaknesses identified.
Independent compliance audits provide management with unbiased evaluations of compliance with regulatory requirements that can be used to strengthen their organizations’ overall compliance performance and reduce compliance risk.
Regulators are putting more focus on a financial institution’s Compliance Management System (CMS) than ever before. Banks, credit unions and mortgage originators are expected to have an effective CMS that defines how your organization:
CrossCheck Compliance can help ensure your organization has implemented a comprehensive CMS commensurate with its size and risk profile.