Anti-Money Laundering Compliance

Solving the AML compliance challenges of covered financial institutions requires more than familiarity with relevant laws and regulations. Effectively addressing money laundering and terror financing compliance requires real-world experience with the underlying criminal activities that lead to money laundering, an ability to foresee opportunities that money launderers see, in-depth knowledge of investigative methods, and a honed understanding of regulatory expectations.

Effective AML Programs integrate the entire hierarchy of a financial institution, from the Board of Directors who are ultimately held accountable for non-compliance, to all of the firm’s relevant employees responsible for identifying unusual activities indicative of possible money laundering. Accordingly, AML Programs benefit greatly from insight gained through successful experiences as the designated AML Officer or person accountable for BSA compliance at one or more financial institutions.

LUBRINCO personnel are prepared to meet these challenges, having extensive experience in Federal law enforcement, financial investigations, risk management, regulatory experience and AML compliance.

LUBRINCO’s AML Compliance Practice Area provides services in each of the following critical AML program areas:

• Independent testing of AML programs where there is a concern regarding regulatory action, and help when regulatory action has taken place.
• If you have a basis for questioning whether your AML program will meet regulatory expectations -- you have had a prior regulatory finding, you have acquired a new business or added new services, or you now face additional BSA regulatory rquirements -- you want the outside evaluation performed by someone with the experience to recognize and rectify the problem before a formal action, up to a Cease and Desist Order, is issued.
• Our highly experienced staff is equipped to perform an independent test that has a high degree of reliability for firms and their regulators. This minimizes the likelihood of having to pay for expensive after-the-fact remediation of program deficiencies.
• AML/BSA Remediation: KYC, "CIP", EDD, Look-backs and Remediation of Policies, Procedures and Processes
• Corporate and Litigation Support: AML Reviews and Investigations

• Developing firm-level AML risk assessment protocols.

• Mentoring designated AML Compliance Officers or Committees
  of foreign financial institutions
  with branches or operations in the United States.

• Anti-money laundering training
  tailored to international financial institutions’ Board of Directors.

• Developing risk-based Customer Identification Programs
  including Customer Due Diligence and Enhanced Due Diligence Processes
  for high-risk international issues.

contact us to learn how The LUBRINCO Group can help you improve your AML Compliance practice to mitigate your risks and reduce incurring added liabilities.