"BAC Florida Bank has been using FCI Financial Consultants for years and has found them to be reliable and cost effective. They are always available for advice and deliver it in practical terms. They are capable of delivering the text book response but more importantly the actual practices in use in the field. Highly recommended."
-- Jack Trufelli
Managing Director Compliance
BAC Florida Bank, Coral Gables, Florida
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- Organizational Development
- Preparation or evaluation of BSA / AML/ USA Patriot Act related programs, monitoring, internal controls and procedures
- Forensic audits, providing comments and recommendations
- Evaluation of Correspondent Banks= adherence to USA requirements, conducted abroad
- Evaluation of Deposit products= programs, policies, procedures and internal controls
- Evaluation of Lending products= programs, policies, procedures and internal controls
- Policies and Procedures. Preparation or evaluation of Deposits and Lending polices and procedures
- Auditing on BSA, Deposit and Lending Regulations on a quarterly, semi-annual or annual basis, to satisfy your needs.
- Risk Assessments. Preparation or evaluation of risk assessments conducted by the financial institution.
- Corporate Governance. Preparation or evaluation of policies and procedures prepared by the financial institution.
- Consulting, Research and Interpretations.
- Timely notification of new or modified regulatory requirements affecting your financial institution.
- Training on all above related subjects in English or Spanish, customized to meet your needs.
Our programs cover more than 20 Acts and Regulations:
Bank Secrecy Act
- The USA Patriot Act- Implementation of policies, procedures, internal controls, training.
- Enhanced Due Diligence on Customers, Private Banking, Senior Foreign Officials and Correspondent Banks
- Currency Transaction Reports. Filing of single and multiple transactions. Linking and Aggregation.
- Accuracy and Effectiveness of Internal Controls and Procedures to detect and avoid unusual transactions.
- High Risk accounts - Identification and Profiles
- Trade Financing AML risks controls
- Monitoring Correspondent Bank Accounts Activities
- Incoming and Outgoing Wire Transfers Analysis PTA and Exchange Houses Monitoring
- Networking from all areas in order to refer activities warranting research.
- Suspicious Activity Reports. Assistance in determining filing, review of contents and training to personnel
- BSA/ Anti-Money Laundering and Patriot Act Risk Management Program.
- Review of cash shipments
- Review of pouches from correspondent banks
- Traveling abroad to audit correspondent banks, a must to verify adherence to their internal procedures and USA requirements.
- Foreign Assets Control Act.
Compliance - Deposit & Lending
- Auditing for Compliance, a must to prevent Civil Money Penalties,
Reimbursements and Enforcement
- Actions, including from Department of Justice
- Fair Lending Practices and Performance Evaluations
- Privacy and Identity Theft
- Community Reinvestment Act Penetration and Performance Evaluations
- Web site disclosures and procedures. Do's and Don'ts
- Accuracy and completeness of the CRA annual report
- Accuracy and completeness of the HMDA annual report
- Effectiveness of your in-house Compliance Audits to detect
violations before examiners do. Corrective actions
- Credit Policy conformity to Regulatory Requirements
- Evaluation and monitoring of personnel adherence to approved
policy
- Evaluation of the Compliance Risk Management Regulatory
and Procedures Manuals.
- Review of promotional materials to avoid substantial risks
for violations.
- Timely notification of new or modified regulatory requirements
by e-mail
- Competent training on all Acts and Regulations in English
or Spanish
- Unfair and Deceptive Practices. Evaluation of current policies
and procedures.
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