Bank Secrecy Act/Anti-Money Laundering Independent Reviews


Federal regulations require an independent review at least annually to each financial institution's BSA/AML program. These programs provide the Board an objective view of the quality and effectiveness of their BSA/AML program. Examiners expect each financial institution to have their program reviewed objectively and thoroughly. The supporting documentation from these reviews and the review itself are frequently analyzed during the examination process. Dixon, Davis, Bagent and Company has developed thorough procedures to test transactions, controls, and compliance of our clients' BSA/AML programs.

Dixon, Davis, Bagent and Company has performed BSA/AML reviews for their clients for many years and is constantly updating their procedures to ensure a comprehensive review is always provided. Our staff possess decades of experience in BSA/AML, including the following compliance certifications: CRCM, CCBCO, and CBAP. 

Our reviews include evaluating the adequacy of the following areas:

  • Review of Previous Examination and Audit Reports
  • Risk Assessments (BSA/AML and OFAC)
  • BSA/AML Policy
  • Custom Identification Program (CIP)/USA PATRIOT Act Policy
  • Office of Foreign Asset Control (OFAC) Policy
  • Currency Transaction Reports (CTRs)
  • Phase I/Phase II Exemptions
  • 314(a) and 314(b)
  • Monetary Instrument Logs
  • Wire Transfers
  • New Account Procedures and Documentation
  • Foreign Accountholders
  • Suspicious Activity Reporting (SARs)
  • Money Service Businesses
  • SDN Scrubs
  • Reportable Transactions Monitoring
  • BSA/AML/CIP/OFAC Annual Training
  • Non-Customer Transactions
  • ACH Transactions (Including International ACH Transactions (IATs))
  • Additional Activities, if applicable

Allow us to provide you the independence and experience you need for a thorough review.