AML Model Validation, Transaction Monitoring, and Banking Compliance Risk Assessment

Navigate the complexities of financial crimes compliance with K2 Integrity’s expert AML Model Validation and Banking Compliance Risk Assessment services. Our team helps clients accurately assess and identify risks their organizations are exposed to, develop and implement effective compliance models, and optimize existing systems to mitigate AML and ABC (Anti-Bribery and Corruption) risk exposures. 

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Clients We Support:

  • Banks  
  • FinTech companies  
  • Money service businesses (MSBs)  
  • Virtual asset businesses  
  • Investment managers and funds  
  • Payment processors 

 

How We Help:

Navigate the complexities of financial crimes compliance with K2 Integrity’s expert AML Model Validation and Banking Compliance Risk Assessment services. Our team helps clients accurately assess and identify risks their organizations are exposed to, develop and implement effective compliance models, and optimize existing systems to mitigate AML and ABC (Anti-Bribery and Corruption) risk exposures. 

  • Enterprise-Wide Financial Crime Risk Assessment: We design and/or conduct thorough risk assessments covering Bank Secrecy Act (BSA), Anti-Money Laundering (AML), and Office of Foreign Asset Control (OFAC) sanctions regulations, helping clients identify, understand, and mitigate their risk exposure.
  • Independent FCC Program Review: We evaluate clients’ existing FCC programs, policies, and procedures against regulatory requirements and industry best practices.
  • FCC Model Risk Management: We assist clients with the development, ongoing maintenance, and validation of transaction monitoring, sanctions screening, and customer risk rating models in accordance with applicable model risk governance standards based on jurisdiction, including, but not limited to, OCC 2011-12/FRB SR 11-7 guidance and NYDFS Part 504 regulation.
    • Model development and implementation
    • Model risk coverage assessment
  • Knowledge of Bank Compliance Platforms: We have experience working on the following platforms:
    • Fiserv FCRM
    • Alloy’s Compliance Risk Management
    • Fircosoft
    • Prime
    • Verafin
    • Actimize
    • SAS
    • LexisNexis Bridger
    • Compliance Catalyst
    • WatchDog Elite
    • ThetaRay
    • Palantir Foundry
    • Internally developed tools
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Awards and Accolades:

Award Logo K2 Integrity
Best Regulatory Advisor (1)
A LIGN SOC Badge (1)
A LIGN ISO 27001
GIR 100 2024
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Looking for a financial crimes, risk, or regulatory advisory firm?
Contact us today to find out how we can help you manage risk.

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