FINANCIAL CRIMES ADVISORY
 
HELPING YOU TO MITIGATE RISK


Increased regulatory scrutiny and ongoing media attention are the only certainties in the world of financial crime compliance. Existing regulations continue to be enforced, and new ones bring a host of challenges
for financial institution compliance, audit and information technology departments. BSA departments must continually evolve to ensure their responsibilities are being met for the safety of their customers,
their own financial institutions and the financial community at large – not to mention for themselves where personal liability principles apply.

Mazars is uniquely positioned to assist clients with their Bank Secrecy Act, anti-money laundering and sanctions compliance needs. Our financial crimes advisory team includes not just former compliance officers, regulators, attorneys and auditors, but IT professionals, all of which bring a broad range of experiences with domestic and international banks. Our trained team can partner with yours to assess and develop risk-mitigation strategies in a broad range of financial crimes advisory subjects.
 
We work closely with your senior management team to address compliance requirements in consideration of business needs.  Our industry exposure to a broad array of community and national banks, as well as to large and foreign banking organizations, gives us a unique perspective on how others in the industry are responding to regulatory concerns and program development.
 
Our services

We offer a full suite of financial crimes advisory services across the “five pillars” of an effective AML and sanctions program, and beyond into technology and monitoring system consulting.

   
  ASSESSMENT AND AUDIT

  • BSA/AML, Sanctions, and OFAC program assessments
  • Governance structure
  • Enterprise AML risk assessments
  • Enterprise sanctions and OFAC risk assessments
   TECHNICAL ADVISORY CONSULTING

  • Rule or scenario & filtering calibration
  • Cybersecurity risk assessment, penetration testing and incident response review
  • Transaction monitoring system data and model validations
  • NYDFS 504 Certification annual readiness assessments
  • Sanctions and OFAC list screening development, gap analysis and optimization

 

   PROGRAM ENHANCEMENT AND
   REMEDIATION

  • Client on-boarding impact (AML/KYC) and new account processing
  • Client risk rating methodology review
  • CDD and EDD files gap analysis
  • Customer information file (CIF) remediations including for KYC, CDD and EDD
  • AML training materials development and delivery
   
Mark Wasylechko | Director
  646.225.5994
  Mark.Wasylechko@MazarsUSA.com
Peter Schablik | Partner
  617.501.4195
  Peter.Schablik@MazarsUSA.com

 

FINANCIAL CRIMES ADVISORY

HELPING YOU TO MITIGATE RISK

Increased regulatory scrutiny and ongoing media attention are the only certainties in the world of financial crime compliance. Existing regulations continue to be enforced, and new ones bring a host of challenges for financial institution compliance, audit and information technology departments. BSA departments must continually evolve to ensure their responsibilities are being met for the safety of their customers,
their own financial institutions and the financial community at large – not to mention for themselves where personal liability principles apply.


Mazars is uniquely positioned to assist clients with their Bank Secrecy Act, anti-money laundering and sanctions compliance needs. Our financial crimes advisory team includes not just former compliance officers, regulators, attorneys and auditors, but IT professionals, all of which bring a broad range of experiences with domestic and international banks. Our trained team can partner with yours to assess and develop risk-mitigation strategies in a broad range of financial crimes advisory subjects.
 
We work closely with your senior management team to address compliance requirements in consideration of business needs.  Our industry exposure to a broad array of community and national banks, as well as to large and foreign banking organizations, gives us a unique perspective on how others in the industry are responding to regulatory concerns and program development.
 
Our services

We offer a full suite of financial crimes advisory services across the “five pillars” of an effective AML and sanctions program, and beyond into technology and monitoring system consulting.

Our services include:
ASSESSMENT AND AUDIT
BSA/AML, Sanctions, and OFAC program assessments
Governance structure
Enterprise AML risk assessments
Enterprise sanctions and OFAC risk assessments
TECHNICAL ADVISORY CONSULTING
Transaction monitoring system data and model validations
NYDFS 504 Certification annual readiness assessments
Sanctions and OFAC list screening development, gap analysis and optimization
Rule or scenario & filtering calibration
Cybersecurity risk assessment, penetration testing and incident response review
PROGRAM ENHANCEMENT AND REMEDIATION
Client on-boarding impact (AML/KYC) and new account processing
Client risk rating methodology review
CDD and EDD files gap analysis
Customer information file (CIF) remediations including for KYC, CDD and EDD
AML training materials development and delivery

 

Mark Wasylechko | Director
  646.225.5994
  Mark.Wasylechko@MazarsUSA.com
Peter Schablik | Partner
  617.501.4195
  Peter.Schablik@MazarsUSA.com