Representative Engagements

A money services business (MSB) and small-dollar lender requested an independent audit of its anti-money laundering (AML) compliance program. The engagement was based on regulatory guidance and the relevant requirements of the FFIEC examination procedures. CrossCheck assessed the AML audit program commensurate with the company’s risk profile, focusing on the “four pillars” of AML compliance, including development of internal policies, procedures, and related controls; designation of a Bank Secrecy Act (BSA) compliance officer; implementation of an effective training program; and independent review for compliance. As part of the engagement, we also reviewed the company’s AML risk assessment for adequacy and completeness. The MSB received an audit report outlining findings and recommendations for a more robust and compliant AML program.