Abound can also assist your financial institution in the following areas to improve the effectiveness and efficiency of your BSA/AML compliance effort:

• Best Practice Reviews of BSA/AML Compliance staffing, organization, workflows and systems
• Compliance GAP analyses
• Compliance testing
• Comprehensive Audits
• Transaction Lookbacks and Forensic Auditing
• Training for Directors, Management and staff

The regulatory message is clear.  All financial institutions are expected to have a clearly defined and well-implemented BSA program in place.  However, financial institutions must make wise investments in people and systems to assure this compliance.