Broker Dealer Solutions

Anti-Money Laundering (AML) Program Audit Services

FINRA Rule 3011 requires that ALL firm members, regardless of their business or size, develop and implement a written AML program that is reasonably designed to achieve and monitor compliance with the requirements of the Bank Secrecy Act. Paragraph (c) of the rule further requires firms to provide for independent testing of the program for compliance.

This test may be conducted by member personnel or a qualified outside party. But small firms such as yours may not have enough employees to satisfy the “independent” aspect of the testing requirement.

That’s where B/D Solutions Consulting comes in. Our AML professionals are members of the Association of Certified Anti-Money Laundering Specialists (ACAMS), and hold the CAMS (Certified Anti-Money Laundering Specialist) designation.

Our AML Audit examines the key components identified by the regulators as essential for an effective AML program including:

  • Written Supervisory Procedures and program documents related to AML including previous audit results and subsequent program updates

  • Firm risk and exposure with respect to size, business lines, customer base and geographic location

  • Customer identification and verification procedures including checking federal lists

  • Procedure and review activities for monitoring suspicious activity including provisions for confidentiality

  • Record keeping and retention procedures

  • Reliance relationships and supporting documentation

  • Training program content and scope

The AML audit package includes:

  • Comprehensive report with point by point results for Senior Management review

  • Recommendations for enhancing the efficiency of your AML Program if warranted

  • Follow-up support to complete any updates recommended

  • Reporting and review procedures for Suspicious Activity including electronic systems

We look forward to planning your AML Program compliance testing today. Contact us by email or by telephone at 877-423-4636.

B/D Solutions Consulting • 4060 Peachtree Road,
Suite D #322 • Atlanta, GA 30319 • 877-423-4636 • Copyright © 2004
HomeContact UsSite MapDisclaimer