Compliance Program

The Consultants customized ALM program captures all relevant federal compliance statues for you business.  In addition to being required by federal law and to maintain a relationship with your bank, setting up a compliant AML program also provides you peace of mind.  With just a few hours of setup and answering questions, our CBAP certified consultants will have a fully compliant automated program that you can show to your bank, your business counter-parties, and anyone else who needs documentation of your AML compliance.

Do you have confidence in your BSA/AML compliance program? Let us help get you there.

Using Dave Griffiths of The Consultants is one of the best investments we have made as the owners of a pawn business. His expertise is invaluable and he treats us not just as professional business owners but as friends.

Beth Anundi | Capital Pawn & Secretary of the Oregon Pawnbrokers Association​

Our Bank Secrecy Act (BSA)/Anti Money Laundering Compliance Programs are tailored to your business and will satisfy the needs of your banks and regulators.We will walk you through it!

    • Step 1: We will work with you to assess your current BSA/AML/OFAC needs
    • Step 2: Our CBAP certified consultants will create a custom Anti Money Laundering Program for your business
    • Step 3: You submit the finished product to your bank or IRS auditor

Related Service

Compliance Audit

An Independent Review of your AML program is required
on an annual basis to keep you in compliance. This review can’t be done by your compliance officer or anyone in the company who is involved in the day-to-day operations of the business. We are extremely affordable and handle reviews for hundreds of companies across the country!

Compliance Training

To be in compliance, you must provide proof of regular
training of your staff with regards to your policies and procedures related to your AML program. Employees must be trained within 30 days of hire and at least annually thereafter as a refresher.

Other Services

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Looking for a First-Class Compliance Program?

The Consultants compliance program is a in-depth and complete program that meets all federal requirements. Our program covers Military Leading Act, Equal Credit Opportunity Act, Gramm-Leach-Bliley Act, Truth in Leading Act, Identity Theft, OFAC/SDN, Title 26, and Title 31 (KYC, EDD, CID).

Our account managers will work with you to get you program in your hands as quickly as possible. It normally takes about 2 weeks for your custom program to be created, printed and delivered to you.

If you use The Consultants to do your yearly audit of the program, any required changes are included in the review.

AML Compliance Program FAQ

The USA PATRIOT Act amended the Bank Secrecy Act (BSA) to require financial institutions to establish Anti Money Laundering programs.

What is an Anti Money Laundering Compliance Program?

A set of policies, procedures, laws or regulations designed to stop the practice of generating income through illegal actions.

Why do I need an Anti Money Laundering Program?

    • BSA/AML/OFAC programs provide proof of compliance and that your business can:
    • Detect and prevent money laundering red flags and terrorist financing
    • Comply with local BSA/AML/OFAC regulations, record keeping and reporting requirements
    • Identify suspicious activity and transactions with “know your customer (KYC)” practices
    • Recognize the severe penalties of noncompliance
    • Produce an Independent Review of your BSA/AML/OFAC program by a qualified third party reviewer

What happens if there are changes?

Updates are provided at no extra charge for our clients on an annual review schedule, otherwise updates are performed at the hourly rate in place at the time the updates are requested

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