SIRS offers a comprehensive suite of BSA/AML compliance services designed to help non-bank financial institutions (NBFIs) meet their regulatory obligations efficiently and effectively. We partner with you to develop and maintain a robust compliance framework that is tailored to your specific business activities and risk profile. Our goal is to simplify compliance, making it understandable and manageable.
A critical foundation for any effective AML program, our risk assessments identify, evaluate, and document the money laundering and terrorist financing (ML/TF) risks specific to your institution. We analyze your products, services, customers, and geographic locations to create a truly risk-based program, incorporating guidance from FinCEN, FATF, and other relevant authorities.
We develop customized, industry-specific BSA/AML policies and procedures. Our programs are clear, concise (typically 15-20 pages), and designed for easy integration into your daily operations. They are based on a thorough understanding of your business and the applicable Bank Secrecy Act (BSA) requirements.
SIRS offers concise and engaging online AML training courses tailored to specific NBFI sectors (Mortgage Brokers and Lenders, RIAs/ERAs, Precious Metals/Jewelry Dealers). These courses cover relevant AML regulatory requirements and can be completed in just 12-14 minutes, ensuring your personnel are knowledgeable and your training obligations are met efficiently.
We conduct thorough independent tests of your AML program to ensure it meets regulatory standards (e.g., FINRA Rule 3310 for B/Ds, 31 C.F.R. requirements for other NBFIs). Our two-pronged approach reviews your written policies and procedures and examines records to verify implementation and effectiveness. We provide a detailed report with findings and actionable recommendations, collaborating with you to address any identified gaps.
In addition to our core BSA/AML services, we offer Identity Theft Prevention Programs (Red Flags Rule) and Information Security Policies specifically for Residential Mortgage Lenders and Originators.
Beyond these core services, SIRS acts as your ongoing compliance consultant. We are available to answer questions, provide guidance on emerging regulatory issues, and help you navigate the complexities of BSA/AML compliance with confidence.
SIRS is committed to a transparent, flat-rate pricing model for our comprehensive service packages.
Partner with SIRS for peace of mind and robust BSA/AML compliance.