BSA Independent Audits

Federal regulators expect every institution subject to the Bank Secrecy Act (BSA) to have an independent review of its AML/CFT compliance program. An independent audit helps identify weaknesses, verifies that policies and procedures are working as intended, and demonstrates to regulators that your institution takes compliance seriously.

Our audit reviews the core elements of your BSA/AML program, including: 

• Risk Assessment
• Policies and Procedures
• Customer Identification Program (CIP) and KYC
• OFAC compliance
• Employee training
• SAR and CTR processes (where applicable)
• Internal controls
• Previous audit findings and corrective actions

You'll receive a detailed written report with practical recommendations—not just a checklist.

Most audits can be completed within two to four weeks, depending on the size and complexity of your institution and how quickly requested documents are provided. We work efficiently to minimize disruption to your staff while delivering a thorough and defensible review. Let us know if you have urgent timing priorities and we can accomodate you.

Not at all. We often find clients are new to this audit process, and perhaps they have not done one in years. We follow the motto: start where you are, use what you have, do what you can. This is the attitude that makes regulators happy.