Independent AML/BSA Audit: Strengthening Compliance and Risk Management

As regulatory expectations for Anti-Money Laundering (AML) and Bank Secrecy Act (BSA) compliance continue to evolve, financial institutions must ensure their programs are robust, effective, and aligned with industry standards. K2 Integrity’s Independent AML/BSA Audit services help firms assess their compliance with regulatory requirements, identify and mitigate risks, and enhance the sustainability of their AML/BSA programs. Our team of experts, including former regulators, auditors, and compliance officers, provides end-to-end independent testing and advisory services tailored to your organization’s needs.

Clients We Support:

  • Global banks
  • Regional and community banks
  • Payment companies
  • Broker-dealers
  • Money services businesses (MSBs)
  • Investment advisers
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How We Help:

K2 Integrity’s Independent AML/BSA Audit services provide financial institutions with the expertise and insights needed to strengthen compliance programs and meet regulatory obligations. Whether you have an internal audit department or need a fully outsourced solution, our services are designed to enhance your firm’s risk management and compliance posture.

Audit Committee Advisory:

  • Provide strategic guidance to Boards of Directors and Audit Committees on complex BSA/AML risks, including private regulatory matters and public enforcement actions.
  • Leverage the expertise of former regulators, auditors, and compliance officers to enhance independent audit functions.

Independent Audit Risk Assessment and Coverage Plan:

  • Develop risk-based audit plans tailored to your institution’s unique risk profile.
  • Establish independent testing frequency and conduct testing to align with regulatory expectations and business operations.

Co-Sourced AML/BSA Audit:

  • Partner with internal audit teams to perform independent testing of higher-risk activities.
  • Provide expert opinions on internal audit findings to strengthen compliance oversight.

Outsourced Independent Audit:

  • Conduct a comprehensive, risk-based review of the AML/BSA compliance program, including:
    • Alignment of BSA/AML risk assessment with the institution’s risk profile.
    • Compliance with BSA policies, procedures, and regulatory requirements.
    • Evaluation of suspicious activity monitoring, reporting, and recordkeeping processes.
    • Review of information technology systems supporting AML compliance.
    • Assessment of training programs to ensure appropriate personnel receive role-specific guidance.
    • Analysis of management’s response to prior audit findings and regulatory examinations.

Ensure your firm meets regulatory expectations and strengthens its AML/BSA compliance program. Contact K2 Integrity to learn how our Independent AML/BSA Audit services can support your organization.

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Awards and Accolades:

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Best Regulatory Advisor (1)
A LIGN SOC Badge (1)
A LIGN ISO 27001
GIR 100 2024
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