AML Enforcement – A New Era of Compliance

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1 Response

  1. Rita Saco says:

    Dear Michael,

    I could not agree more with you: “The Bank Secrecy Act is the government’s primary focus” if Institutions think that resources for BSA/AML is expensive, imagine how expensive it is not to comply, incurring in civil money penalties, MOU and consent orders… to exit these, not only is extremely expensive, but the amount of work, dedication and get back in the rigth path takes enless hours, a good team, and always be ahead by been pro-active. It dosen’t matter the size of the FInancial Institution: The key is to have a strong BSA/AML Program in place and good BSA knowledge.
    Best regards,
    Rita Saco