Bank Secrecy Act (BSA) & Anti-Money Laundering (AML): Enacted in 1970, but not fully realized or appreciated until after the advent of the internet, the BSA has morphed into a substantial area of concern for a variety of regulators upon examination. Warbird Professionals have trusted experience in assisting our valued clients with compliance of this priority regulation. The purpose of the AML rules is to help detect and report suspicious activity including the predicate offenses to money laundering and terrorist financing, such as securities fraud and market manipulation.

Case Study:

Knowing the related requirements of the Bank Secrecy Act (BSA) and confirming our client’s compliance is a high priority of the Warbird Financial Services team. Due to the aggressive influence of cyber invasions Warbird clients are finding our expanded review of BSA/AML protocols essential in their continuing efforts to protect deposits and accounts.
Warbird Specialist have extensive experience reviewing client’s BSA/AML and Best Practices related to the rule. The focus is to ensure our client’s continued full compliance with this.

Focusing on the major components of the BSA rule, the WCP review will focus on and proof compliance for:

    – Currency Transaction Report (CTR)
    – Anti-Money Laundering (AML)
    – Suspicious Activity Report (SAR)
    – Foreign Bank Account Report (FBAR)
    – Monetary Instrument Log (MIL)

THE WARBIRD DIFFERENCE

Warbird Financial Compliance Advisors are experts with years of experience in achieving results and providing comprehensive business solutions for clients. We pride ourselves on accurately evaluating your organization’s compliance needs and utilizing our unique industry benchmarks to optimize your results.