Laura H. Goldzung, CFE, CA


AML Audit Services AML Audit Services. Your trusted AML advisor
89 Headquarters Plaza North 14th Floor Morristown, NJ 07960
Phone: 800-870-8076
AML Audit Services
89 Headquarters Plaza North 14th Floor Morristown, NJ 07960
Phone: 800-870-8076
March 30, 2016 Laura H. Goldzung, CFE, CA

Consulting Services

Ignorance is not bliss. Failing to have an effective and adequate AML program in place can have devastating effects on an institution: potential penalties, loss of business, and destruction of a well-earned reputation in the industry.

It’s not enough for banks and nonbanks to establish an AML compliance program. The program must evolve with the changing regulatory environment’s rules and regulations; programs that remain static expose themselves to regulatory scrutiny.

Compliance consulting services from AML Audit Services can help institutions develop and maintain their AML compliance programs. From one-time assistance to ongoing support, AML Audit Services professionals provide clients with personalized services to ensure they are meeting their compliance goals.

questionWhat’s in an AML program?

Banks and applicable nonbanks are obligated to have an AML compliance program in place. The program needs to be reasonably designed and tailored to the business of the institution and must contain the “four pillars”:

1. Policies, procedures, and internal controls

2. Designated AML compliance officer

3. Ongoing training for appropriate personnel

4. Independent testing

AML Audit Services has extensive experience, the insights, and the connections to stay abreast of the changing regulatory landscape. Our level of experience and expertise extends beyond the traditional nonbank markets into the emerging markets of virtual currency and other technologies. We tailor our compliance-consulting offerings based on the individual client’s need:

  • A new business who needs help creating a compliance program from scratch
  • Companies with existing AML programs that may need a helping hand:
    • Coaching a compliance officer
    • Verifying their AML program is up to date and compliant with a best practices review or gap analysis
    • Enhancing one or more of the four pillars
    • Streamlining, strengthening, or revamping controls to strengthen the program

Each AML Audit Services client is assigned a certified AML industry specialist who works with them to customize the program in accordance with the institution’s risk exposure, current staffing levels, and overall risk management framework.

Learn more about how AML Audit Services can assist banks and nonbanks to establish best practice governance for their AML program.



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