Financial Crimes Solutions
It’s a commitment to your community. An estimated $800 billion to $2 trillion is laundered every year by nefarious groups and individuals. Stay ahead of the curve with technology led solutions. Enabling you to focus on the risks unique to your institution and playing your part in fighting financial crime.
Program design, implementation and optimization
Governance and remediation
Outsourced and managed services
Anti-bribery and anti-corruption services
With an increasingly complex risk landscape, maintaining compliance is more difficult than ever. To address money-laundering and sanctions risks and keep clients ahead of the regulatory curve. Baker Tilly’s financial crimes specialists ensure robust procedures are designed and implemented, staff are properly trained and any suspicious activity or transactional red flags are proactively identified and swiftly investigated.
Baker Tilly meets you where you are in your compliance journey. Our programs are custom designed to protect organizations, whether you’re just starting out or have an established program. We work with organizations including banks, credit unions, attorneys, auto dealers, jewelers, casinos, cash-intensive businesses, money services businesses (MSBs) and more.
In the ever-evolving geopolitical climate, complying with sanctions requirements is incredibly complex. We can help with everything with:
No matter the status of legalization in your state, we can help you understand the risks associated with doing business with marijuana related businesses, including:
If you are a cryptocurrency exchange you need to establish a risk-based BSA/AML program and receive independent testing over it. If you are a financial institution that has crypto companies as a client, you know the risk landscape is distinctive and more due diligence is required. At Baker Tilly we can help both crypto firms and financial institutions with compliance. Including BSA/AML and sanctions requirements while ensuring all processes and technology are optimized to the particular risk profile of your organization.
Training is the backbone to preventing and detecting financial crimes. Proper training keeps your team informed of the latest risks impacting your industry. Additionally your team will understand how their roles can support regulatory requirements. Ultimately protecting your organization and the communities you serve.