Since the events of 9/11, efforts to identify and eliminate anti-money laundering activity has become both a national security and corporate priority.  FIF will perform customized training and independent compliance testing of an organization’s anti-money laundering procedures and controls to ensure the client's ability to comply with regulatory rules such the Bank Secrecy Act, the Patriot Act and NASD Rule 3011.

As part of the compliance testing, FIF will:

1. Review written compliance procedures and policies;
2. Analyze and check all operating and proprietary bank accounts;
3. Examine checks and securities received and disbursed;
4. Interview personnel to ensure their working knowledge of the compliance requirements;
5. Ensure the client's compliance with training of personnel regarding anti-money laundering provisions;
6. Review client's foreign and domestic files; and
7. Prepare a report including any deficiencies.

After the training and compliance testing is completed, FIF will advise the client about various "red flags" and recommend which reports to use to identify suspicious transactions.

We invite you to contact us for more information.