The Owner and Compliance Officer of Kayla Companies, John Drago has been charged with eight indictments by the federal court in Central Islip of Long Island, NY for financial crime. Drago faces a maximum sentence of up to 10 years’ imprisonment. The majority of the charges were direct violations of the Bank Secrecy Act (BSA) […]
An important component of understanding your risk levels is identifying gaps, vulnerabilities and potential problems prior to a regulatory audit. While there are many components to a Gap Analysis, the key benefits are: KEY BENEFITS OF A GAP ANALYSIS High Level Analysis Into the 4 pillars of Your Compliance Program Identifying Inefficiencies and Areas […]
The Capital Compliance Experts have upgraded the Compliance Management Portal with a new user-friendly interface that boosts productivity with intuitive navigation and new features that enhance the already comprehensive tool. Portal Features Include: Automated Transaction Monitoring- New tool Online Employee Training- New courses available Digital Monitoring Logs Calendar Reminders- New functionality Document Storage CTR/SAR Filing […]
Recently, our CAMS consultants have notice an up-rise in examiners requesting BSA/AML Risk Assessment Reviews from our customers. Although a risk assessment is nothing new, the rules and regulations are, and a risk assessment allows a financial institution to establish a more comprehensive Anti-Money Laundering (AML) Compliance Program. WHAT IS A BSA/AML RISK ASSESSMENT? By […]
Capital Compliance Experts has officially released their innovative automated transaction monitoring tool – Compliance IQ. The patent pending automated monitoring tool is a comprehensive solution that reinforces compliance management processes by identifying high risk activity. The automated transaction monitoring tool drastically reduces the time it takes to review countless transactions through automated analysis of data, […]
