BSA/AML Compliance


Federal laws and regulations require financial institutions to develop and maintain a written, board-approved BSA/AML compliance program, designed to identify and control risks associated with money laundering and terrorist financing. Kropschot Consulting Partners’ team of experts will help you develop and maintain policies, procedures and processes (including training, risk assessments and internal controls) to facilitate compliance with BSA requirements. We are experienced in creating risk-based methodologies to identify potentially suspicious transactions that may relate to money laundering, terrorist financing, elder exploitation or other illegal activities. We will also help you determine which transactions require enhanced due and escalation, consistent with regulatory requirements.