The Bank Secrecy Act/Anti-Money Laundering area of compliance is always evolving. As an example, we are currently transitioning the name of this specialized area of compliance from Bank Secrecy Act (BSA) to Anti-Money Laundering and Combating the Financing of Terrorism (AML/CFT) to coincide with the term’s examiners are now using within their documents and reports.
In this article we wanted to share common trends from our 2023 audits to give your institution an opportunity to review your program and ensure you have that robust system of internal controls.
TCA – A Better Way!
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