Banks have continued to invest in technology and staff to continue meeting their Bank Secrecy Act compliance obligations, ...

In particular, compliance programs that have enacted AI-automation for Know Your Customer (KYC) and Anti-Money Laundering (AML) solutions have seen reduced costs and increased accuracy in compliance ...

When conducting an AML/BSA audit, assessing the efficacy of these training programs is critical as well. Likewise, financial institutions need to ensure that they have documentation on hand that ...

A performance audit is an independent assessment of an entity's operations to determine if specific programs or functions are working as intended to achieve stated goals. Performance audits are ...

Test transactions and complete other audit procedures to provide sufficient audit evidence to support an opinion on compliance of major programs; There are a few unique rules and exceptions for how ...