Managed and performed a BSA/AML gap analysis and assessment

Managed and performed a BSA/AML gap analysis and assessment

We managed and performed a BSA/AML gap analysis and assessment for an entity that entered into a consent order with its regulator. The work involved reviewing the bank’s BSA/AML-related policies and procedures, performing interviews and walk-throughs, and testing people, processes, and transaction monitoring systems to identify potential gaps with regulatory guidance and best practices.