BSA/AML/OFAC & Compliance Risk Assessments

All financial institutions have some level of risk to money laundering, terrorist financing, or financial fraud. The cornerstone of any good anti-money laundering (AML) compliance program is an assessment of these risks in order to develop strategies to manage and mitigate them.  The principle of the risk-based approach is that resources are directed congruently with priorities so that the greatest risks receive the highest attention.

Deploying an extensive team of experienced consultants, Chartwell can either create a new BSA/AML or Office of Foreign Assets Control (OFAC) risk assessment or assess the effectiveness of an existing BSA/AML or OFAC risk assessment, including the following:

Chartwell can work either on-site or remotely to help clients tie their risk assessments to their compliance program, monitoring, and other compliance controls.

Chartwell’s risk assessment expertise includes:

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