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Bank Secrecy Act/Anti-Money Laundering Consulting



BRG BSA/AML professionals have advised all types and sizes of financial institutions, including US and non-US banks, thrifts, non-bank financial companies, mortgage companies, insurance companies, and investment banks. Clients range from large and complex global institutions to small community banks and financial technology firms. We help to tailor programs and technology to an institution’s size and complexity.

The financial institutions that we advise are regulated by the Office of the Comptroller of the Currency (OCC), Federal Reserve, Federal Deposit Insurance Corporation (FDIC), Consumer Financial Protection Bureau (CFPB), state banking departments, Securities and Exchange Commission (SEC), Department of Housing and Urban Development (HUD, or Financial Industry Regulatory Authority (FINRA), among others. We provide in-depth exposure to varying standards and best practices in the global marketplace.

BRG’s expertise is particularly valuable in identifying emerging issues, creating regulatory strategies, and developing solutions. BRG professionals have extensive experience working with financial regulators in Washington, DC, and state banking departments. They also have a deep understanding of the US Congress and Executive Branch and provide strategic analysis and advice related to administrative developments.

BRG also provides tailored reviews focusing on efficiency and effectiveness using our professionals’ BSA/AML expertise and the latest technology solutions, including artificial intelligence (AI). BRG has successfully implemented AI at financial institutions to manage risk. Our BSA/AML and AI consulting services include:

AML Program Development

BRG professionals have advised financial institutions in the development and enhancement of programs to ensure compliance with the BSA, USA Patriot Act, Know Your Customer guidelines, suspicious transaction monitoring, and Office of Foreign Assets Control (OFAC) screening requirements.

Bank Secrecy Act

BRG professionals have extensive experience in advising financial institutions of varying sizes and complexities. They have worked with financial institutions in the following areas:

Strategic regulatory analysis and advice based on extensive Washington, DC, and state-level experience
  • Provide reports analyzing and recommending courses of action based on an institution’s unique business model and risk profile
  • Provide reports for government entities and regulators regarding improvements to supervisory processes, including BSA/AML
Diagnostic reviews of existing BSA programs and policies
  • Provide written reports of findings and detailed recommendations
  • Prepare action plans with prioritized tasks
  • Assist with implementation, as appropriate

BSA testing using procedures mirroring those of regulatory examination teams

  • Provide written reports with overall assessment, findings, and recommendations
  • Provide work papers for examiner review
  • Provide risk assessment, including OFAC
BSA testing associated with an investigation/lookback into transaction activity for identification of suspicious activity, including money laundering and cash/wire structuring of transactions
  • Provide written reports with overall assessment, findings, and detailed recommendations
  • Prepare action plans with prioritized tasks
  • Communicate with and provide work papers for examiner review
Confidential investigation in response to regulatory/Department of Justice inquiries alleging employee and/or customer misconduct, including money laundering, Ponzi schemes, and tax evasion
  • Provide written reports of findings and detailed recommendations
  • Prepare action plans with prioritized tasks
BSA training sessions for all levels of bank staff
  • Provide specific training for boards of directors
  • Provide senior management training
  • Provide staff/line training tailored to job functions
BSA technology implementation
  • Tailor parameters of BSA/AML business process to an institution’s risk profile
  • Select appropriate BSA technology system based on an institution’s size and complexity
  • Assess and validate BSA system data
  • Deploy proof-of-concept with user-friendly interactive analytics
  • Operationalize BSA/AML processes using advanced technology, including AI

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