CliftonLarsonAllen’s (CLA) professionals can help pinpoint weak or ineffective parameters in your software to help limit risk and improve efficiency.
What’s on your mind?
- Addressing AML examiner concerns or findings
- Adjusting software parameters and cutting down on time spent reviewing suspicious activity
- Using AML software efficiently and effectively
- Mitigating risks associated with money laundering
- Regulatory compliance
A unique approach
As a part of AML compliance, your software should be tested to make sure that your parameters are identifying current or potential suspicious activity. CLA financial institution professionals run a background review, test your software, and provide a report that includes areas of concern to discuss with your vendor. We know that your software works in tandem with your team, so we also look at your institution as a whole to help you best utilize your system, manage risk, and meet AML rules.
BSA/AML software testing services for financial institutions
- Activity monitoring gap analysis
- BSA/AML compliance
- Currency transaction reporting
- Customer due diligence
- Independent model validation and testing
- Office of Foreign Assets Control (OFAC) scanning
- Staffing assessment
- Suspicious activity reporting
- System optimization
- A complete suite of regulatory compliance services
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