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anti-FINANCIAL CRIME advisory services

BC Compliance Associates offers consulting and advisory services to banks, money services businesses, payment service providers and FinTech firms within the compliance arena specializing in anti-financial crime including Anti-Money Laundering, Sanctions, Know Your Customer and Anti-Bribery and Corruption.

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Our staff have many years of hands on anti-financial crimes and intelligence experience acquired in big and small organizations within both the private and public sectors globally. We have developed substantial knowledge, process and systems to assist you in overcoming your challenges and meeting your strategic needs.

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Our comprehensive list of services we can deliver include:

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  • Strategy:

    • Define strategic direction and solutions to meet organizational goals.

    • Organizational risk assessment. ​

  • Written Governance:

    • Policy, standards, procedures and other written materials to govern your financial crime program.

    • Change Control processes to ensure that the financial crime program is appropriately managed and up-to-date.

  • Process Re-engineering:

    • Review and optimize current processes to promote more efficient and effective operations.

    • Develop new processes to manage emerging risks.

  • Training:

    • Develop training programs for internal or external staff and customers.​

    • Board of Director training.

    • Training Delivery to end user or train-the-trainer.

  • Customer Identification Program:

    • ​Development of client on-boarding, verification and maintenance processes.

    • Development of customer risk assessment templates and methodologies.

  • Branch/Agent evaluations:​

    • On-site inspections, training and examination.

    • Mystery shopping and anonymous testing.

  • Transaction Monitoring:

    • ​Identification of transaction monitoring requirements, including systems, controls and rules​.
    • Rule tuning.
    • Alert management processes including workflow, investigation templates and investigative tools.
    • Vendor selection or in-house business requirements definition.

  • Sanctions Screening:

    • Identification of sanctions screening requirements, including systems, lists and matching capabilities (fuzzy, phonetic, exact logic). ​

    • Match tuning.

    • Alert management processes including workflow, investigation templates and investigative tools.

    • Vendor Selection or in-house business requirements definition.​

  • Independent Review​:

    • Assess financial crime program for adequacy, coverage and effectiveness.​

    • Provide recommendations to enhance program based on findings.

    • Audit outcome management including development of corrective action recommendations.

  • Examination Management:​

    • Exam preparation including exam inputs, tactical gap closure and engagement preparation.

    • Exam outcome management including development of remedial activities as well as tactical and strategic solutions.

Thank you for contacting BC Compliance Associates, we will respond to your inquiry as soon as possible.

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