BRG Retained by US Financial Institution to Review Wire Transfer Activity for MSB Clients Located in Mexico
BRG professionals were retained by a large US financial institution to review wire transfer activity for its Money Services Business (MSB) clients located in Mexico. We devised numerous customized money-laundering and terrorist-financing risk assessments, ran the transactions against the risk assessments, and then ranked and grouped approximately nine million transactions for review. We also developed an investigative protocol designed to identify patterns of activity associated with the Black Market Peso Exchange, conducted investigations and quality assurance reviews, and facilitated Suspicious Activity Report (SAR) filings.
Note that some engagements may have taken place prior to the expert(s) joining BRG.