• AML/BSA/OFAC

Detection. Prevention. Compliance.

BDO’s multi-disciplinary team of AML professionals is comprised of highly experienced professionals, including Certified Anti-Money Laundering Specialists, Certified Fraud Examiners, Certified Financial Crime Specialists, Certified Public Accountants, former law enforcement agents, former regulators, and technology specialists. Our team develops and enhances New York DFS Cybersecurity Regulation and BSA/AML Compliance Programs in accordance with appropriate regulatory requirements as well as remediates existing programs that are subject to regulatory enforcement.
 
Our service offerings include:
  • Evaluation, assessment and creation of industry specific BSA/AML/OFAC policies and procedures.
  • Assistance with regulatory enforcement actions, including developing regulatory responses and collaboration with outside counsel.
  • Independent testing of BSA/AML/OFAC Compliance Programs.
  • BSA/AML/OFAC Risk Assessment.
  • Industry tailored BSA/AML/OFAC Training.
  • Implementation and assistance with firm’s KYC/CIP/CDD/EDD program, including evaluation and handling of Politically Exposed Persons (“PEPs”) and other high risk customer categories.
  • Assistance with suspicious activity monitoring processes, including both real-time monitoring and retro-active look-backs.
  • Suspicious Activity Report qualitative assessments based on current FinCEN guidelines, including re-drafting and filing of corrected SARs and investigative analysis related to SAR decision-making process.
  • Experienced with various AML technology vendors
  • New York DFS Cybersecurity Regulation, including data governance and classification; asset inventory and device management; physical security and environmental controls; third-party vendor management; and board education. 
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