BSA / AML / OFAC and Related Compliance

The USA PATRIOT Act strengthened existing Bank Secrecy Act anti-money laundering laws and instituted a new era of compliance requirements. As expectations continue to evolve requiring more and more sophistication and investment to meet regulator expectations. The Norman Group offers support across all areas of this important effort, experts with deep knowledge, experience and understanding of financial services and compliance policies, processes and procedures.

  • Personnel / Organization Structure Requirements
  • Training / Customer Communications
  • Customer Identification Program
  • Customer Due Diligence / Enhanced Due Diligence
  • Currency Transaction Reporting / Exemptions
  • OFAC Reporting
  • Suspicious Activity Reporting (SAR Filing)
  • Record keeping / Subpoena and 314a
  • Funds Transfers Record keeping
  • Private Banking Due Diligence
  • Special Measures
  • Purchase / Sale of Monetary Instruments
  • Foreign Bank and Financial Accounts Reporting
  • Foreign Correspondent Account Record keeping and Due Diligence
  • International Transportation of Currency or Monetary Instruments