Did you know violations of BSA requirements may hold civil and/or criminal penalties? Here are a few examples:

 

Compliance with the Bank Secrecy Act continues to be one of the regulator’s “Hot Topics”.  Let our experienced and knowledgeable audit staff assist your bank with mitigating the risk of these fines and penalties by performing one of the required controls of the Bank Secrecy Act - an "Independent Annual Audit". 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.  Additionally, our staff is available for the duration of the bank’s contract to provide insight to any new updates to the BSA, as well as help with any questions that will arise from performing BSA duties. 

 

 

MAi can prevent penalties for you and your bank.