Independent Reviews
A7 Advisors establishes a strong relationship with its clients so that we can support their business objectives well into the future
Banks and nonbank financial institutions are required to undergo an independent review of their AML compliance program, commonly referred to as the “4th Pillar.”
Small-to-medium-sized companies often do not have the dedicated personnel to focus solely on performing annual AML/sanctions reviews. Alternatively, compliance officers in larger organizations are often overwhelmed trying to keep up with the latest industry best practices and compliance requirements.
In addition to this, the relationship between the board room and the compliance department has changed dramatically over the last several years. Regulators and the DOJ continue to expect board members to understand a broader swath of details regarding the organizational compliance landscape.
A7 collaborates with the client to support the goal of compliance as a competitive advantage by planning for long-term alignment that enhances your culture of compliance across the business.
To plan for your next independent review, contact A7 today.
Our
Services
During the review and investigation process, A7 will:
- Identify the regulatory manual and industry best practices by reference
- Help the business understand the value of the investment in compliance through its recommendations and findings
- Demonstrate the compliance culture of the company to the regulator
- Classify the risk framework that supports the business and its future objectives:
- Increasing efficiency of roadmap enhancements
- Risk Identification and prioritization that is aligned with company objectives