Faced with constantly changing rules and regulations—and changing regulator priorities—financial services institutions must meet the challenge of managing and implementing change driven by these new regulations and their internal strategic risk management objectives. K2 Intelligence professionals—drawn from a multifaceted team comprising former regulators, law enforcement, and intelligence professionals; attorneys; compliance officers; and financial and technology experts—bring the experience, expertise, and grounding in current regulations needed to assess, review, enhance, test, and validate your compliance programs, including by conducting annual independent tests to ensure compliance with the Bank Secrecy Act (BSA), Anti-Money Laundering (AML) regulations, and sanctions laws and regulations such as those promulgated by the Office of Foreign Assets Control (OFAC).
Designed to monitor the adequacy of an institution’s AML program, annual independent reviews determine whether the business is operating in compliance with both BSA and sanctions requirements and the business’s own policies and procedures. K2 Intelligence provides a fair and unbiased appraisal of each of the required elements of a company’s AML program, including its BSA-related policies and procedures, internal controls, recordkeeping and reporting functions, and training. K2 Intelligence tests internal controls and transactional systems and procedures, identifies problems and weaknesses, and, if necessary, recommends appropriate corrective actions.