Anti-Money Laundering (“AML”) Services
IMAG has created the AML compliance policies, programs and organizational structure for countless global banks and has assisted many global banks in program remediation arising from adverse regulatory actions. Additional information regarding IMAG’s program and policy services relating to BSA, AML, USA Patriot Act and OFAC is contained in this website.
It’s The Right Time to Maximize Your Current AML Program
In the current economic environment, and after years of approving increased investment in AML programs, many banks are requiring their AML departments to enhance the effectiveness of their current programs without new large dollar spends on additional staff, data enhancement and monitoring, reporting and case management systems. In fact, some institutions are mandating a reduction in their AML program spending. IMAG provides the expertise and tools to streamline, focus and maximize the effectiveness of your current AML program without increasing reputation and regulatory risk.
The key cost driver of AML programs is the underlying AML risk analysis methodology. IMAG is expert in evaluating and developing AML risk analysis methodologies applicable to all institutions, businesses and products. We improve program effectiveness through a two fold analysis: a full review of your present risk methodology coupled with the creation of COOLMaps which display the level of integration of your AML program into business and product areas. Based upon this analysis, we will refocus your AML risk analysis, modify the program elements so they are properly directed toward mitigating these higher risks and ensure that the program is integrated within day to day business process.
Let IMAG assist you in maximizing the effectiveness of your current AML program. We provide the most cost effective way to realize program efficiencies, improve integration within business and product areas and increase the level and quality of SAR filings.