For businesses that are identified as money service businesses, or MSBs, understanding the laws related to the BSA and AML is essential. At Bates Group, we provide BSA compliance services near me that are trustworthy and reliable. Our experienced professionals have spent years understanding the BSA/AML and providing consulting services to clients. To learn more about how the BSA impacts your business and what you need to do to maintain BSA compliance, reach out to our team of experts directly today.
The BSA, or Bank Secrecy Act, is a federal law that establishes recordkeeping, reporting, and program requirements for money service businesses in the U.S. The purpose of the BSA is to assist U.S. agencies in detecting and preventing money laundering. As part of the BSA, businesses are required to develop anti-money laundering, or AML, compliance programs. Understanding the requirements of these programs and how to maintain compliance once a program has been implemented can be confusing for businesses, and working with third-party consultants is strongly recommended.
When you choose Bates Group for BSA compliance services, we’ll work to create a BSA compliance program that is based on your needs while also maintaining regulatory compliance. We incorporate the following into each program that we design:
For money service businesses, BSA compliance isn’t optional; it’s mandatory, and the failure to develop a compliance program can lead to repercussions, including fines and fees. To help your business meet its compliance requirements, our professionals are here to help. If you have been searching for BSA compliance services near me, call Bates Group directly. We provide compliance consulting services to businesses nationwide and can answer any questions you have today.
Please fill out all fields marked with* and submit the following form to
request your consultation.
Please fill out all fields marked with * and submit the following form to request your consultation.