The USA PATRIOT Act and FINRA require that broker-dealers conduct an annual independent testing of their Anti-Money Laundering Compliance Program to ensure that all regulatory requirements are being met.
CSG consultants hold the prestigious CAMS* designation which is recognized worldwide and denotes proven knowledge in the detection and prevention of money laundering. In addition, CSG consultants have practical and hands-on industry experience which results in an independent testing program that is specifically designed to identify and address weaknesses in an AML Compliance Program.
CSG Independent Testing will result in a written report to the firm’s senior management that will provide details and results. Areas that would be reviewed and/or tested include (but are not limited to):
Regulatory efforts to fight money laundering and terrorism continue to demand a strong AML Compliance Program. A broker-dealer’s continued success depends on the strength of its AML Compliance Program.
Let CSG help you find and fix any weaknesses before the regulators do!
*The Association of Certified Anti-Money Laundering Specialists® (ACAMS®) is the premier organization for anti-money laundering (AML) professionals and the provider of the Certified Anti-Money Laundering Specialist® (CAMS) credential – the most respected certification in the industry. The CAMS designation is recognized worldwide by both the private employers and government sectors and acknowledged by regulators, examiners, and law enforcement. The CAMS credential denotes proven knowledge in the detection and prevention of money laundering and positions certified AML professionals as leaders in the industry. (Source: www.acams.org)