♦Anti-Money Laundering audits is all they do!♦
As you know, an independent AML performance test is one of the five pillars of an effective AML program. Our affiliate EA Compliance performs AML audits for Broker/Dealers, Registered Investment Advisors, Introducing Brokers, Futures Commission Merchants and non-bank Residential Mortgage Lenders and Originators (RMLOs).
As required by the USA PATRIOT Act (or by the Bank Secrecy Act for RMLOs), an AML audit may be conducted by an outside party or by members of a firm’s staff who are independent of any areas that are exposed to potential money laundering risks. However, many smaller firms do not have adequate personnel independent of these areas, making it difficult to accomplish this requirement internally. And some larger firms prefer the total objectivity of an outside, qualified party. Consequently, many firms use independent third parties such as EA Compliance to provide this service.
EA Compliance is a qualified provider with extensive field experience. EA Compliance audits are performed in a timely, cost-effective basis with minimal interruption to your normal business.
