BSA/AML Risk Assessment

Gilbert Reese consultants work with you to determine if your business has adequately identified money laundering risks in your operations.

Compliance risk is inherent in every organization’s activities.  Banking and non-banking financial services institutions are subject to numerous laws, rules, and regulations, which the organization must comply with.  Organizations may be subject to legal and regulatory sanctions, financial losses, consent orders or damage to reputation if they fail to comply with obligations established by law and regulations.

• We review your existing risk assessment (if any).
• Work with you to gather necessary documents to assist us in conducting thorough risk assessment of your business.
• We identify specific risk categories that apply to your business.
• We perform analysis of these risk categories based on the information we collect, to assess your exposure.
• We present you with risk matrix that categorize your risk as high, moderate, or low risk.
• We develop a tailored BSA/AML compliance program based on the risk assessment we performed.