The Bank Secrecy Act (BSA) requires all Money Service Businesses (MSBs) to establish and maintain an effective and robust written Anti-Money Laundering (AML) program. An effective AML program starts with an independent review of your policies, including risk assessment and an in-depth review of controls and training documents. We are ACAMS Certified and can initiate training, policies, and procedures to keep you compliant and protected.
Review Policies, Procedures, and Process for Compliance
Examine Procedures and Identify Gaps In Planning
Developing a Plan with for Compliance
Develop Day-to-Day System Monitoring Procedures
Conduct Review, Conduct Training, and Designate Leaders
Interviews with Employees, and Ongoing Analysis of Compliance
Mohammad Akif and his team are excellent professionals—reliable and honest. They are always open to help others when is needed. Staff is also amazing!
Developing and testing an anti-money laundering plan can be complicated. At Akif CPA, we make this process as easy for you as possible. It’s our job to identify potential holes in your process and make it easier for you to report on suspicious activities. Don’t risk non-compliance and leave your business vulnerable!
Here’s what to expect during an AML policy assesment and update:
AML review must be conducted by a third-party. An effective AML process review includes testing of your existing program, risk assessment, internal control reviews, document transaction cycle assessment, external and internal reporting, and even developing oversight procedures.
We help small businesses find financial success, stay protected, and get on the right track for growth. Our background with large firms and corporate entities means we have the experience and expertise to help. When you turn to us for AML Services, you can expect to find support, open communication, and a business partner that wants you to succeed.
With our expert team, strong code of ethics, clear vision and passion, we strive to meet our clients’ financial goals
For assistance in planning and transferring your US assets to Canada please contact our colleague Phil Hogan, CPA, CA, CPA (CO) at 250-661-9417 or via email at phil@philhogan.com
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