Anti-Money Laundering Program Development

In a time of ever-evolving regulatory complexity, Gilbert Reese remains your trusted source for unconflicted advice regarding regulatory changes that impact your business.  Contact us to discuss your needs!

An Anti-money laundering compliance program is everything a company does relating to compliance: built-in internal operations, user-processing policies, accounts monitoring and detection, reporting of money laundering incidents.

The aim of an AML compliance program is to expose and correctly react to inherent and residual money laundering, terrorist financing, and fraud-related risks.

We specialize in preparing customized AML compliance programs that suit the needs of money services businesses (MSBs), financial institutions and virtual currency businesses.  Our team of former auditors, regulators, examiners, and legal finance practitioners work with clients to:

• Design written Policies and Procedures that suit your business and meet BSA requirements.
• Provide independent AML program testing.
• Provide OFAC monitoring.
• Design Currency Transaction Reporting (CTR).
• Create Suspicious Activity Reporting (SAR) policies and procedures.
• Localize foreign AML manuals to meet your needs for new region expansion.
• Partner with you to create approach for responding to law enforcement enquiries and subpoenas.
• Create Red Flag Procedure and Red Flag Identification Guide.
• Develop your organization’s Third-Party Independent review guidelines.
• Create your Internal Audit and management reporting policies.
• Conduct your organization’s BSA/AML employee training and certification.

We customize your compliance manual to your business operations to ensure it addresses all the financial products and services you offer and cover all your compliance obligations.