BSA/AML Advisory Services

The intense regulatory obligations and scrutiny for financial institutions regarding the Bank Secrecy Act (BSA) and Anti-Money Laundering (AML) rules are more significant than ever.

At SQ Risk we recognize the importance of staying ahead of this growing scrutiny. The SQ Risk team helps financial institutions comply with the Bank Secrecy Act (BSA) and Anti-Money Laundering (AML) regulations, which aim to prevent money laundering, terrorist financing, and other illicit activities. We offer a range of services, such as:

• Conducting independent testing and validation of the institution’s BSA/AML compliance program, policies, procedures, and controls.
• Performing risk assessments to identify and mitigate the institution’s BSA/AML exposure and vulnerabilities.
• Providing training and education to the institution’s staff on BSA/AML requirements and best practices.
• Advising on the selection, implementation, tuning, and validation of BSA/AML software and systems.
• Assisting with the preparation and response to BSA/AML regulatory examinations and audits.

SQ Risk will leverage our 20 years expertise and experience in BSA/AML compliance, as well as our knowledge of the latest regulatory developments and industry trends. We work closely with the institution’s management, board, compliance officers, and internal auditors to ensure that the institution meets its BSA/AML obligations and expectations.

When necessary, we will also collaborate with other professionals, such as accountants, lawyers, and IT specialists, to provide comprehensive and integrated solutions. SQ Risk delivers high-quality work that is timely, accurate, and tailored to the institution’s needs and goals to ensure ongoing success.