BSA/AML

Bank Secrecy Act/Anti-Money Laundering (BSA/AML)

The current BSA/AML environment has zero tolerance for inadequate risk management programs and we continue to see increasing regulatory action for institutions with program weaknesses. To assist with managing these risks, many institutions have implemented BSA/AML models that require independent validations.

VBC provides comprehensive BSA/AML model validation services that are customized to meet each institution’s needs while adhering to and meeting all mandated regulatory guidelines. Our qualified CAMS specialist combines a risk-based approach with qualitative and quantitative validation methodologies to ensure the accuracy of data inputs and to offer strategies to enhance model processing and output efficiency.

VBC is the leading provider of BSA/AML model validations and has over 25 years of experience working with a wide array of models and Institutions offering higher at-risk services.  

  • Vendor Models, Systems and Solutions

    We have extensive experience in validating all vendor models, systems and solutions such as:

    • Abrigo’s (Banker’s Toolbox) BAM and BAM+
    • CSI’s NuMonitor
    • FIS’s Prime Compliance Suite (PCS)
    • Fiserv’s Financial Crime Risk Management (FCRM)
    • GlobalVision’s Patriot Officer
    • Jack Henry’s Yellow Hammer
    • Verafin
    • NICE’s Actimize

     

     

    Our clients include Institutions offering high risk services such as:

     

     

    • Electronic Banking
    • Correspondent Banking
    • Third Party Payment Processors (TPPP)
    • Money Services Business (MSB)
    • Marijuana Related Business (MRB)
    • Digital Currency

  • BSA/AML Advisory Services

    In addition to BSA/AML model validations, VBC also provides the following services:

    • BSA/AML Model Implementation Consulting
    • System Parameter Analysis & Optimization
    • OFAC Model Validations