AML Audits

The US PATRIOT ACT requires each financial institution to test its AML program annually to assess the adequacy of the firm’s written program and to assess its compliance with its AML procedures, including compliance with its “know your customer” policies. AML Audits must be conducted by persons having knowledge of the requirements under the Bank Secrecy Act and USA Patriot Act. ICSGroup’s staff has extensive knowledge of the applicable rules and regulations and are experienced in conducting AML Audits.

BSA/KYC Due Diligence

Our comprehensive due diligence services for financial institutions include customized Enhanced Due Diligence (EDD) for high risk clients and a review of new and existing Customer Information Profiles (CIP).

Monitoring & Reporting

ICSGroup can monitor transactions and assess data quality and assist with transaction reporting including SAR/CTR/IRS Form 8300 and Foreign Bank and Financial Accounts Reporting (FBFAR).

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