We work with you to help you adapt, implement, and deploy required improvements in order to maintain your targeted risk rating.
Consulting
Optima Compass Group offers a comprehensive and specialized set of anti-money laundering and compliance consulting services to banks, financial institutions, including broker dealers and hedge funds, money transmitters, regulators, and law enforcement. Each of our services leverages our extensive experience in the AML and financial services and management consulting fields and incorporates industry-leading solutions that deliver tangible value to our clients.
AML Operations / Risk Rating / Audit Services / Look-back Analysis
The USA Patriot Act requires financial services providers operating and/or banking in the United States (including money transmitters) to undergo periodic independent reviews of their compliance programs to ensure they are viable, effective, and responsive to regulation requirements and control standards. Banks and other institutions demand that qualified independent reviewers conduct these audits; regulators expect that existing controls, procedures and reporting meet their defined standards.
Unique to Optima, our independent reviews include a forensic analysis of all transactions conducted during the relevant review period – usually 12 months.
View more >>US Licensing & Federal Registration (FinCEN)
Optima can also help institutions who are applying for money transmitter licenses and/or FinCEN registrations. Whether you need assistance in applying for your first MT license or are seeking to expand into new markets, Optima’s expertise can help reduce the time between filing and approval of these complex applications, and provide ongoing support to ensure your license remains in good standing, while managing AML risk.
Compliance Program Development / Restructuring / Updating
A sound, risk-based strategy is the cornerstone of a good compliance program and forms the foundation of a company’s first line of defense against money laundering. Developing and implementing the right tools, standards and processes to ensure sound AML practices throughout the organization – while also supporting the growth of the business – requires specialized skills and knowledge.
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