Anti-Money Laundering (AML) and Bank Secrecy Act (BSA)
SRG also has extensive and comprehensive Anti-Money Laundering (AML) and Bank Secrecy Act (BSA) experience. We have worked closely with the compliance departments of numerous large multi-national financial institutions on Look Back(Remediation) Projects and Know Your Customer(KYC) Projects. Most of SRG’s financial clients have been headquartered in Manhattan, NY. Many, of whom, were either attempting to avoid or already have been served with Cease and Desist Orders. SRG was instrumental in making the determination of whether or not Suspicious Activity Reports (SAR) and/or Foreign Bank and Financial Accounts(FBAR) were required to be filed by these institutions. After months of intensive investigative activities and the implementation of new and improved record retention and compliance policies required by the federal government for the financial institutions, most of SRG’s banking clients were allowed to pay substantial fines and/or penalties but remain open for business under the careful watch eye of the regulatory authorities.