“When Wells Fargo told me I needed an AML Compliance Program and Third Party Review, I started searching for help, and spoke with several firms. When I told my auditor I was thinking about going with Capital Compliance Experts, he said, ‘Look no further. They are highly qualified and have an outstanding program.’ I could not be happier with their service, and even referred my father and his store to Capital Compliance Experts.”

– Justin Savaya, owner, Mr. Jay’s Market, Mesa, AZ

Anti-Money Laundering Program Services Include:

• Written policies, procedures & internal controls designed to assure BSA/AML/OFAC compliance with BSA requirements
• Designation, duties & responsibilities of the Compliance Officer
• OFAC monitoring
• CTR/SAR policies & procedures
• Responding to law enforcement & subpoenas
• Up to 1-hour of free consultation with an ACAMS-certified representative
• Daily checklists for Compliance Officer & transaction monitoring procedures
• Monitoring logs
• BSA/AML/OFAC employee training & certification
• Letter of adoption of AML policies
• Owner & Compliance Officer resume
• Customer Identification Program (CIP)
• Independent review guidelines & template (optional)

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What is an Anti Money Laundering Compliance Program?
A set of policies, procedures, laws or regulations designed to stop the practice of generating income through illegal actions.

Why do I need an Anti Money Laundering Program?
BSA/AML/OFAC compliance programs provide proof of compliance and that your business can:

• Detect and prevent money laundering red flags and terrorist financing
• Comply with local BSA/AML/OFAC regulations, record-keeping and reporting requirements
• Identify suspicious activity and transactions with “know your customer (KYC)” practices
• Recognize the severe penalties of non-compliance
• Produce an Independent Review of your BSA/AML/OFAC program by a qualified third-party reviewer

Is the AML program provided by my money transfer company enough for my business?
If that is the only MSB service you offer at your business, then yes. However, if you offer multiple MSB services, we highly advise a custom AML program that integrates all your AML policies and procedures.