FinCEN, FINRA, AML and KYC Compliance Program

SEC Cybersecurity Exam Readiness Assessment

CyberSecOp provides financial organizations cost-effectively comply with FinCEN, FINRA, SEC, FTC, and MSRB requirements. Our staff has years of SEC and FINRA experience.
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SEC, FTC, FinCEN, FINRA AML/KYC Compliance

Helping organizations bridge the compliance knowledge gap

CyberSecOp provides financial organizations cost-effectively comply with FINRA, FinCEN, SEC, OCIE, FTC, and NFA requirements. Our staff have years of FINRA, FinCEN, SEC, OCIE, FTC, and NFA experience.

CyberSecOp team has been providing expert compliance consulting services to the financial services industry. We take security seriously, we maintaining client relationships and delivering the highest levels of compliance services. Our client base includes some of the most respected names in the financial services industry and ranges from large international firms to small firms. Our satisfied clients include advisers, institutional investors, private funds, investment companies, and broker dealer.

FINRA AML/KYC Compliance Program

We ensure our client can past examinations, most of our clients are regulated by the SEC, FINRA, FTC, NFA, MSRB and/or state securities regulatory bodies, some of our clients are regulated by multiple regulators, which adds complexity to an already challenging regulatory environment.  Our primary goals is to help  out clients manage this complexity and integrate compliance into the business. 

Benefits from partnering with CyberSecOP  

  • Reduce or eliminate the number and severity of deficiencies and violations found during a U.S. Securities and Exchange Commission (SEC) examination/audit.

  • Decrease firm reputation risk and gain peace of mind that your compliance program, ensure data protection and compliance.

  • We will develop your security program to ensure your organization can withstand audit from FINRA, FinCEN, SEC, OCIE, FTC, and NFA and/or state securities regulatory bodies

FINRA & FinCEN Customer Due Diligence Requirements

FINRA recently published an updated version: Anti-Money Laundering (AML) Program to address amended broker-dealer requirements under FINRA Rule 3310 and the Bank Secrecy Act (“BSA”). The amended Rule reflects the Treasury Department’s Financial Crimes Enforcement Network’s (“FinCEN”) adoption of the final rule, referred to as the Customer Due Diligence (“CDD”) Rule, which becomes effective May 11, 2018.

  1. Customer identification and verification;

  2. Beneficial ownership identification and verification;

  3. Understanding the nature and purpose of customer relationships in order to develop customer risk profiles; and

  4. Conducting ongoing monitoring in order to identify and report suspicious transactions and, on a risk basis, to maintain and update customer information.

FINRA & FinCEN AML Compliance Program

The aims of an anti-money laundering compliance program are to expose fraud, money laundering, tax evasion, and terrorist financing within a company.

FINRA & FinCEN AML Compliance Policies

  • Comply with Government-Provided Lists of Terrorists

  • When requesting information to verify identity, provide adequate notification to customers

  • Conducting ongoing monitoring to identify and report suspicious transactions

  • Notification to Law Enforcement

  • Sanctions and PEP lists screening.

  • Compliance Officer.

  • Monitoring Transactions.

  • Risk Assessment.

  • AML Compliance Person Designation and Duties

  • AML ongoing employee training programs

  • Customer Due Diligence Rule

  • Due Diligence and Enhanced Due Diligence Requirements

  • Customer Identification Program

  • Required Customer Information

  • Notification to FinCEN on a SAR

  • Recordkeeping/AML Recordkeeping

  • KYC And AML Regulations Compliance

FINRA, FinCEN AML Reporting

A powerful reporting system helps to immediately inform money-laundering activity to the relevant authorities.

  • Detecting risky customers: businesses must evaluate their client’s risk profiles and process them accordingly (enhanced due diligence, customer due diligence, etc.)

  • Compliance officer: Manage requirements and ensure the organization is in compliant with FINRA, FinCEN AML requementements.

Compliance must be the moral responsibility of every team member across all organizational levels, they must be trained to recognize and report their suspicions.

Our FINRA, FinCEN AML Duedligent Risk Check Intelligence

  • Customer and third-party screening process through state-of-the-art technology combined with human expertise

  • Intelligence database delivers accurate and reliable information to help you make informed decisions

  • Respond to evolving AML compliance regulatory requirements

  • Increase the transparency of compliance activities across the enterprise

  • Expand into new markets and maximize global opportunities

  • Minimize friction and speed onboarding for new customers and third-parties

  • Control FINRA, FinCEN, SEC, OCIE, FTC, and NFA compliance costs

Compliance with critical regulations 

  • End-to-end agile solutions work together to deliver precise risk perspective that enables your business to focus resources on relevant risks and prioritize key sanctions and global Financial Crime Compliance requirements, including: 

  • Bank Secrecy Act (BSA)

  • USA PATRIOT Act

  • Office of Foreign Assets Control (OFAC) Regulations

  • Financial Crimes Enforcement Network (FinCEN)

  • Federal Financial Institutions Examination Council (FFIEC) Guidance

  • Financial Actions Task Force (FATF)

Our expert consultants go deep into your organization to learn all the fine details about your business. once we have all the detail we create a road map to ensure you compliance based on the FINRA, FinCEN, SEC, OCIE, FTC, NFA, MSRB and other regulators needs.