Regulatory Compliance Audits

We offer an audit of your overall BSA program ensuring that you are compliant with the five pillars by covering the following areas:

• Bank Secrecy Act (BSA) 
• Anti-Money Laundering (AML)
• Office of Foreign Assets Control (OFAC)
• Customer Identification Program (CIP)
• Beneficial Ownership 
• Information Sharing: 314(a); 314(b)

We conduct an audit of your deposit compliance program ensuring that you are meeting all regulatory requirements covering the following areas:

• Advertisement of Membership 
• Electronic Funds Transfer Act (EFTA)/Regulation E
• E-Sign Act                                        
• Expedited Funds Availability Act (EFAA)/Regulation CC
• Garnishment of Accounts Containing Federal Benefits
• GLBA Privacy of Consumer Financial Information
• Right to Financial Privacy Act
• Truth-in-Savings (TISA)/Regulation DD
• Unfair, Deceptive and Abusive Acts or Practices (UDAAP)
• Unlawful Internet Gambling Enforcement Act of 2006 (Regulation GG)

We conduct a review of your fair lending practices by reviewing your loan portfolio and conducting a comparative analysis, taking into consideration your institution's compliance with applicable requirements under the Fair Housing Act and Equal Credit Opportunity Act. We review loans and adverse actions, considering control and prohibited basis groups and the actions taken by the institution in regard to both. This review will help you identify any potential concerns with disparate impact, disparate treatment, or overt evidence of discrimination and what can be done to strengthen your fair lending practices.

 We conduct an audit of your Lending Compliance program ensuring that you are meeting all regulatory requirements covering the following areas:

• Bank Bribery Act
• Community Reinvestment Act (CRA)/Regulation BB
• Equal Credit Opportunity Act (ECOA)/Regulation B
• Fair Credit Reporting Act (FCRA)
• Fair Debt Collection Practices Act (FDCPA)
• Flood Disaster Protection Act
• Home Mortgage Disclosure Act (HMDA)/Regulation C
• Homeownership Counseling Act
• Insider Lending/Regulation O
• Military Lending Act (MLA)
• Overdraft Payment Program
• Real Estate Settlement Procedures Act (RESPA)/Regulation X
• Servicemembers’ Civil Relief Act of 2003 (SCRA)
• The Secure and Fair Enforcement Act (SAFE Act)
• Truth-in-Lending Act (TILA)/Regulation Z

If your institution has a new website or has made extensive revisions to your current website, we offer a review to ensure that your website is compliant with all applicable requirements. We will ensure that all applicable compliance disclosures are included, that links lead to the correct areas, and that appropriate speedbumps are in place if links lead outside of the institution's website.

With these audits, you get in-depth, point-in-time insight into your financial institution's BSA and/or compliance programs through extensive transactional testing. We will provide you with the peace of mind of knowing where any gaps are and what can be done to strengthen these areas.