More than 40 years after the creation of the Bank Secrecy Act (BSA) of 1970, Anti-Money Laundering (AML) continues to be a top priority for banks and non-bank financial institutions of all sizes. Steering clear of enforcement actions through sound risk management principles and practices while balancing internal cost control initiatives has become more challenging than ever. Compounding these obstacles are the speed and complexity by which money laundering and terrorist financing activities are being carried out. As institutions continue to expand the ways in which they interact with their customers, so, too, do they create new mechanisms by which illegal activity may be carried out.
Treliant’s Anti-Money Laundering practice takes a holistic, risk-based approach to helping organizations design, implement, and enhance all aspects of their AML program. Our practitioners provide a 360° compliance view by bringing a team of former examiners and compliance officers together with enterprise risk management and consultative perspectives.
Our AML services are built around Treliant’s AML model, which leverages guidance provided by the Federal Financial Institutions Examination Council (FFIEC) and provides organizations with a succinct framework to assess and articulate the core components and critical dependencies of their AML program to regulators, the Board, senior management and AML risk owners across the enterprise. The model is customer centric, grounded in an organization’s BSA/AML risk assessment and supported by appropriate governance, knowledge management, controls, and data analytics.
Treliant’s Financial Crimes Compliance Global Advisory Services include: