Every financial enterprise should know that the New York Department of Financial Services (DFS) takes money laundering extremely seriously. Not only does DFS take action against potential money-laundering operations, but these authorities also investigate and identify when financial companies have inadequate anti-money laundering systems in place. Noncompliance with anti-money laundering laws, such as the Bank Secrecy Act (BSA) and New York state laws, can result in significant sanctions and other penalties for companies.
Company leaders should not be spending their time designing, managing, or overseeing complex anti-money laundering monitoring systems and ensuring compliance with the law. You have too much responsibility already to take the extensive time required to ensure full AML/BSA compliance. Instead, you should learn the many ways that AML consulting in New York can help.
At Bates Group LLC, we handle AML programs for financial companies of all sizes, so please do not hesitate to reach out for more information today for help with a New York Bit License.
Our team of skilled consultants assists many types of banking and non-banking financial institutions. Some of our clients include the following:
If anti-money laundering laws apply to your business, we can assist you with finding effective and efficient ways to ensure full compliance.
AML strategies can look different from business to business. Our team takes the time necessary to fully understand the details of your business model and identify the specific expectations for your business under AML regulations. We then begin to advise you on anti-money laundering strategies that will work best for your specific operations.
Some of our consulting services include:
We help to develop effective AML monitoring systems, and then we provide ongoing guidance for all AML/BSA compliance, including training for employees and company leaders. If you do run into issues with OFAC, we can provide guidance through that process.
Our team at Bates Group LLC, provides full-service AML consulting services that you can trust. Our consultants are certified in CAMS, CAMS-Audit, CFRM, and CRCM. Some of our consultants are former regulators who have a regulatory perspective to prevent AML issues whenever possible. You can rest assured that your advisor will be highly experienced in all aspects of AML monitoring, detection, and prevention, do you can prevent unnecessary sanctions from the State of New York or OFAC.
At Bates Group LLC, we know that financial business leaders often do not have the time or expertise to design and implement an effective and compliant AML system. This is where we come in, as we can assess the specific needs of your organization and design an AML strategy that works for you. Contact us to discuss how we might help your company.
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request your consultation.
Please fill out all fields marked with * and submit the following form to request your consultation.