Consulting Services

Banks and MSB

The OCC prescribes regulations, conducts supervisory activities and, when necessary, takes enforcement actions to ensure that national banks have the necessary controls in place and provide the requisite notices to law enforcement to deter and detect money laundering, terrorist financing and other criminal acts and the misuse of our nation’s financial institutions.

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Bank Secrecy Act (BSA)

The OCC conducts regular examinations of national banks, federal savings associations, federal branches, and agencies of foreign banks in the U.S. to determine compliance with the BSA.  FinServ Compliance experts will conduct a review of your policies and procedures to make sure you are ready .

BSA and Related Regulations

The Bank Secrecy Act (BSA), 31 USC 5311 et seq establishes program, recordkeeping and reporting requirements for national banks, federal savings associations, federal branches and agencies of foreign banks. The OCC's implementing regulations are found at 12 CFR 21.11 and 12 CFR 21.21. The BSA was amended to incorporate the provisions of the USA PATRIOT Act which requires every bank to adopt a customer identification program as part of its BSA compliance program.

MSB

MSBs that fail to comply with BSA regulations may face civil and criminal penalties, including fines and imprisonment. Therefore, it's important for MSBs to understand and comply with these regulations to avoid potential legal and financial consequences. Trust FinServ Compliance experts to review your processes and AML policies to ensure compliance.

MSB Registration

Our experts will register your MSB through a guided process.

FinServ's comprehensive guide and experience will get your MSB up and running quickly.

Numbers

BSA Violations

2022 Fines for Top Ten BSA/AML violations
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