USA PATRIOT Act
Compliance
The Playfair Group is the BSA/AML USA PATRIOT Act compliance solution
for the Money Service Business (“MSB”), cash couriers,
trust departments, and banks. Through partnering and strategic alliances,
we offer cost-effective and comprehensive compliance consulting
services including a software solution.
With The Playfair Group (“TPG”)
our clients are able to take advantage of a team of ACAMS certified
anti-money laundering compliance professionals with on average over
20 years of experience in banking in general, and MSBs in particular.
Our team includes banking and securities industry professionals,
Certified Public Accountants, Chartered Financial Analysts, Certified
Insolvency and Reorganization Advisors, Certified Turnaround Professionals,
Certified Fraud Examiners, Accredited Senior Appraisers, and forensic
computer experts. Our veteran ex-law enforcement and ex-intelligence
professionals have been combating money laundering on average for
over a decade, allowing them to quickly determine and propose modifications
that align with AML compliance guidelines.
TPG will conduct client assessments or pre-exam
reviews of an AML compliance program prior to a pending merger or
regulatory examination. With TPG clients can feel confident in their
AML compliance programs by supplementing their testing capabilities
with ad hoc or periodic reviews conducted on site.
Our compliance software solutions are pre-configured
to allow a seamless integration with your current systems, whilst
protecting your ongoing maintenance. Thus clients are able to have
the assurance of BSA/AML USA PATRIOT Act compliance based on a holistic
and comprehensive solution at a fraction of the cost of a large
consulting firm.
Compliance is our business, our approach
is to simplify what you are doing currently so you can do what you
do best…your business.
Technology/Methodology
End-to-end solution. Benefit: One solution provider
to resolve all issues:
-
Independent
third-party Audit and Testing of existing BSA/AML USA
PATRIOT
Act compliance program, including CIP, CTR processes and
reporting, SAR process and reporting, record-keeping, and State
and Federal registration and reporting
-
Forensic
Analysis of systems, processes, and transactions
-
Risk
Assessment based on independent audit, testing, and forensic
analysis
-
Remediation
Plan based on findings to mitigate risk and ensure
compliance
-
Implementation
of Hosted Software Solution, as well as systems integration
with existing systems
-
AML training
(annual, new-hire, and refresher) specific to the products,
services, and customer base, including content and delivery
methods and assessment.
-
Implementation
of Policies, Procedures, and Best Practices, including
checklists in preparation for bank and regulator
examinations, and establishment of an effective governance
model, measurement, monitoring, and
reporting structure to ensure the existence of effective
internal controls
-
Mock
Examination based on FFIEC manual to assure effective
implementation of remediation plan as well as regulatory
compliance
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