AML Compliance Assessments

Introducing AML COMPLETE

Achieving compliance on Anti-Money Laundering (AML) and Bank Secrecy Act (BSA) regulations is a complex and sometimes daunting task. It is particularly difficult when you include the challenges relating to information technology. Whether you are a regional bank or a multinational financial institution, eDelta Consulting offers AML COMPLETE, an end-to-end solution to help you manage mission-critical banking technologies and corporate compliance initiatives.

Expert Knowledge and Experience

Building on years of collective work in financial services compliance and technology, eDelta successfully integrates the right people, processes and technology. We can focus on high-level issues surrounding key people and business processes as well as dive deep into the technology infrastructure.

The three basic components of our capabilities include:

  • Compliance Assessment
  • Technology Assessment
  • System and Application Development

Compliance Assessment

Depending on your needs, the first phase of engagement would begin with a detailed compliance review and assessment. During this phase, our team of professionals can help develop and/or assess:

  • Policies and procedures relating to the AML portion of the U.S. Patriot Act, BSA, the Office of
  • Foreign Asset Control (OFAC) and any other relevant regulatory body or legal construct for the
  • organization
  • Risk assessments of major business lines, products, and services
  • Suspicious Activity Report (SAR) reporting and monitoring programs
  • Customer Identification Programs (CIP)
  • Remediation plans
  • Examination preparation

Technology Assessment

Building off the findings and recommendations in the compliance assessment, a careful review of the technology infrastructure would include:

  • Assessment of data integrity, particularly related to reporting and monitoring systems
  • Application certifications on the books and records system
  • Review of security, record retention, and data warehousing strategies
  • Remediation plans

System and Application Development

Among the many considerations in a successful AML/BSA program is the integrity of information used to analyze transactions. As such, it is critical to address any hardware or software issues that are identified in the compliance and technology assessment. Leveraging the real world financial services technology experience of our professionals, we can offer clients:

  • System and application development/integration
  • Application certification
  • Transaction/process monitoring and testing
  • Platform automation and customization
  • SLA review
  • Data warehousing review

Senior Level, Certified Professionals

In addition to decades of field experience, our professionals maintain numerous professional designations and certifications that help demonstrate our commitment to service quality. Some of the relevant credentials among our team include:

  • Certified Anti-Money Laundering Specialist (CAMS)
  • Certified Public Accountant (CPA)
  • Certified Information Systems Auditor (CISA)
  • Certified Information Security Manager (CISM)
  • Certified Information Systems Security Professional (CISSP)
  • Project Management Professional (PMP)

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