IGI provides investigative support and advice to help ensure clients’ compliance with anti-money laundering (AML) rules and regulations, including the Bank Secrecy Act (BSA), the USA PATRIOT Act, the Money Laundering Suppression Act, and the Intelligence Reform & Terrorism Prevention Act of 2004, as well as reporting regulations of the Treasury Department’s Office of Foreign Assets Control (OFAC) and FinCEN (the Financial Crimes Enforcement Network).
IGI’s AML services focus on preemptive and prescriptive advice designed to mitigate risks and prevent violations before they occur, including thorough due diligence, review of existing internal controls, and the design and implementation of suspicious financial transaction monitoring systems to identify and flag potential money-laundering, tax evasion, and terrorism financing-related transactions.
IGI provides extended and enhanced due diligence to supplement bank and brokerage firm Know Your Customer processes for onboarding politically exposed persons (PEPs) and other potential high-risk customers.
We have broad experience working on behalf of U.S. banks to conduct AML risk assessments and compliance reviews of their existing and prospective foreign correspondent banking relationships. We also have consulted with and conducted compliance reviews for foreign financial institutions who are seeking to gain or maintain relationships with U.S.banks and access to the U.S. financial system.