Banks and Residential Mortgage Lenders and Originators (RMLOs) are required to establish effective anti-money laundering (AML) programs, and to have an independent audit of the program performed periodically to ensure ongoing compliance and effectiveness.
CrossCheck’s regulatory compliance professionals can perform an independent, risk-based audit of your AML program and procedures for complying with the various anti-money laundering requirements. Our audit procedures are based on guidance provided by FinCen and the Federal Financial Institutions Examination Council (FFIEC) and are tailored to address the specific regulatory requirements of the institution. At the completion of the engagement, we will provide you with an audit report detailing the engagement scope and objectives, and any findings and recommendations noted. Because of our considerable experience performing AML/BSA audits for institutions of all sizes, we are able to provide you with practical, “best practice” recommendations to improve your program effectively and efficiently. Learn more.