Services

AML & Regulatory Compliance

Regulatory fines and large settlements resulting from deferred prosecution agreements have cost financial institutions substantial sums of money. Recent enforcement by federal and state regulators has mandated that institutions large and small have comprehensive compliance programs in place to address potential violators of the Bank Secrecy Act and related anti-money laundering (AML) regulations.

Our team of industry compliance professionals, including forensic accountants and former federal law enforcement professionals, provides critical support in analyzing the effectiveness of regulatory compliance programs and in developing resilient, long-term risk-based solutions that are cost-effective. Lemire LLC will assess, develop, and administer compliance programs for banks, art dealers, casinos, real estate professionals, and other industries required to manage money laundering and other risks associated with financial transactions.

 

Services include:

  • BSA/AML Risk Assessments emphasizing review of internal controls to identify gaps
  • Independent testing of existing compliance programs
  • Support to ensure proper Enhanced Due Diligence (EDD)
  • Evaluation and analysis of Customer Identification Programs, Customer Due Diligence, and Employee Due Diligence procedures
  • Due diligence and investigative support
  • Compliance program development and operational implementation
  • Auditing analyses and “look-back” assessments

 

Significant matters:

  • Tested the efficacy of a mid-sized U.S. bank’s compliance program and reviewed high-risk transactions in advance of examination by a federal regulator
  • Provided forensic analysis of high-risk transaction sampling, assessed compliance with FATCA, and reviewed internal on-boarding controls of a large international bank