The Bank Secrecy Act requires financial institutions to help prevent money laundering by recording or reporting certain transactions. Our professionals can help you ensure that you are adhering to anti-money laundering regulations by performing an agreed-upon procedures engagement.
Our report would not only report to you any regulations we discovered that are not being followed, but also offer any suggestions we may have to improve internal controls or efficiency.
Whether your financial institution is an ODFI or an RDFI, we can help ensure that your financial institution is in compliance with the most recent version of the NACHA Operating Rules & Guidelines.
Did you know financial institution processors must complete and submit certified reports every even year?
Let us help you:
- Validate that your policies and procedures surrounding PIN encryption and key management are compliant with TR-39 and/or Visa PIN standards.
- Identify noncompliant areas and provide remediation guidance.
- Issue a completed TR-39 document.
We will review management's policies, interview key custodian and integral personnel, and perform a site inspection of ATMs, PEDs, and HSMs.
A TR-39 (PIN Security and Key Management) and/or Visa PIN attestation engagement provides a report on an organization's controls around PIN-based transactions.
These procedures are also recommended as a best practice for nonprocessors.
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