CHARLOTTE, N.C., Nov. 16 / - ATTUS Technologies will now offer a comprehensive BSA Review Service to help financial institutions determine the adequacy and effectiveness of their overall BSA/AML compliance program.
Current regulations require financial institutions to implement policies and procedures to address specific guidance as it relates to money laundering, customer identity, foreign asset control, terrorist activity monitoring and other areas identified within the Bank Secrecy, Anti-Money Laundering and USA PATRIOT Acts.
"The BSA Review Service will be an integral part of any institution's overall BSA/AML compliance program," said Trey Sullivan, president and CEO of ATTUS Technologies. "It was developed by an industry veteran with over 20 years of experience in the banking field and broadens the scope of ATTUS' already comprehensive suite of compliance solutions and allows us to provide the highest level of service to our customers."
Services offered through the BSA Review include:
o BSA/AML risk review
o Review of your written compliance program
o Review of the adequacy of your BSA/AML and Customer Due Diligence (CDD)
policies, procedures and processes
o Review of the process for referring and investigating unusual activity
o Evaluation of the integrity and accuracy of systems used in the
compliance program and for identifying and monitoring high risk
accounts and suspicious activity
o Review of the adequacy of the BSA/AML training program
o Assessment of compliance with OFAC sanctions as well as BSA reporting
and recordkeeping requirements
o Determining whether previously identified deficiencies are
appropriately tracked and resolved
o Evaluate implementation of the bank's Customer Identification Program (CIP)
o Review personnel adherence to the policies, procedures and process developed
Upon conclusion of the review, a detailed objective report of any violations, findings or areas of weakness will be provided. This report can be a valuable tool to provide an examiner during a BSA exam.
About ATTUS Technologies, Inc.
Headquartered in Charlotte, N.C., ATTUS Technologies is an industry leader in software and services for regulatory compliance, homeland security and fraud prevention. Since 1998, ATTUS has provided solutions to banks, credit unions, savings & loan, trust, insurance, real estate and securities companies. Over 3,000 corporations utilize ATTUS solutions for the Gramm- Leach-Bliley Act (GLBA), USA PATRIOT Act, the U.S. Department of Treasury's Office of Foreign Assets Control (OFAC), Financial Crimes Enforcement Network (FinCEN), BSA, AML, and Reg CC. For more information, visit www.attustech.com/ or call 888-494-8449.
ATTUS Technologies Contact:
704-752-6249 ext. 257
Source: ATTUS Technologies, Inc.
Web Site: www.attustech.com/