Anti-Money Laundering Investigation

Due to the increasing demands placed on compliance departments by regulators, internal pressure to keep costs low and the difficulty attracting and keeping talent, financial institutions find themselves in need of assistance performing AML investigations. This can come in the form of preparing a regulatory response, preemptively reviewing previous AML investigations as part of a look-back or attempting to reduce a backlog of current transactions flagged for review as part of business as usual. 

 

Regulatory Response

Bates Group has successfully assisted a number of financial institutions in response to inquiries from regulatory agencies. Our success in helping our clients is due in large part to the experience of our consultants, with many having previously worked for regulatory agencies, which allows unique insight into working with our clients to achieve the best possible result.

Look-Back Investigations

Whether due to regulatory intervention or a self-conducted review, a look-back review of customer transactions is sometimes necessary to correct inefficiencies in investigations or transactional monitoring. Bates Group has the ability to place dozens of AML investigators in your financial institution within days to assist with AML investigations involving negative news, fraud, regulatory subpoena, free looks and transactional analysis. Our AML investigators are specially trained to understand the intricacies of a look-back review while conducting interviews of key parties, filing 314b requests, producing an investigation narrative supported by evidentiary documentation and ultimately drafting and filing Suspicious Activity Reports (SARs), if necessary.

Business as Usual Investigations

Similar to look-back investigations, Bates Group has the ability to place dozens of AML investigators in your financial institution within days to assist with AML investigations involving negative news, fraud, regulatory subpoena, free looks and transactional analysis. These investigators are experienced in all aspects of AML investigation including, conducting interviews, filing 314b requests, producing an investigation narrative supported by evidentiary documentation and ultimately drafting and filing Suspicious Activity Reports (SARs), if necessary.

AML Compliance

The Bates Compliance Solutions (BCS) team of expert professionals and consultants provides a comprehensive set of services and continuing guidance tailored to the needs and requirements of our financial services industry clients. For more information on Bates Compliance Solutions, please click here.


Examples of Bates Group‘s Capabilities

Anti-Money Laundering Investigation

Case Examples

Bates Group sent a team of AML investigators to assist a client with a regulatory inquiry regarding thousands negative news, free look and fraud transactions going back three years to determine if a SAR should have been filed or if the case was closed appropriately. We helped the client quickly assess the potential scope of cases that should have, but did not have a SAR filed.

Bates Group sent a team of AML investigators to assist a client with a large number of business as usual transactions in order to help the client eliminate their backlog of cases and ensure timely filing of SARs reports when needed.   Bates Group’s experienced AML investigators were able to quickly review the backlog of negative news, fraud and other transactions, file 314b requests, and draft SARs when appropriate.

Contact Bates Group

Bates Group is with you every step of the way. Contact us today for more information on how our End-to-End Solutions can help your firm.

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