MAi Featured Services

BSA Audit	Compliance with the Bank Secrecy Act continues to be one of the regulator's "hot topics". Non-Compliance can result in significant fines, penalties and reduced regulatory ratings. The BSA/AML, OFAC, and USA PATRIOT Act annual audit is designed to determine whether your bank has established operating standards that ensure compliance with the regulations and to mitigate risk. A timely and detailed report with recommendations will be provided.
Escrow Audit	There are new rules and regulations that govern mortgage lending and escrow requirements. Our escrow audit will ensure that your bank meets the new escrow requirements. The Escrow audit is designed to ensure that your bank has established proper procedures and controls on behalf of the borrower to pay taxes, insurance premiums (including flood insurance), or other charges with respect to a federally related mortgage loan. A timely and detailed report will be provided.
Liquidity Audit	The Liquidity audit will determine if your Board approved policies are appropriate and adhered to and whether management is planning for liquidity needs and determine if your bank can effectively meet anticipated and potential liquidity needs. Our Liquidity audit program will also determine if management reports provide the timely and accurate information necessary to facilitate the identification, measurement, monitoring, management and control of liquidity and funding risks. A timely and detailed report will be provided.
Remote Deposit Capture Audit	There are new risks inherent within remote deposit capture processes. MAI's Remote Deposit Capture audit will verify the effectiveness of your financial institution’s internal control processes over ACH, EFT/POS network, check item, electronic banking-related retail payments, and bankcard processing, clearance, and settlement. A timely and detailed report will be provided.