The Bank Secrecy Act (BSA), also known as the ‘Currency and Foreign Transactions Reporting Act,' was introduced in 1970, and is the United States’ most valuable anti-money laundering (AML) regulation.
We provide BSA/AML/OFAC Management.
BSA Anti-Money Laundering
Cash Transaction Regulatory Reporting/Recordkeeping (CTR)
Office of Asset Control (OFAC)
Know Your Customer (KYC) Program
Suspicious Activity Reporting (SAR)
Regulatory Compliance essentially means to PROTECT, DEFEND, and in general, conform to a law, standard, and specific guidelines. Every organization needs a FIRST, SECOND, and THIRD line of defense to ensure all parties involved are abreast and aware of regulations that may change daily.
We provide Compliance Management in all areas.
CRA Credit Reinvestment Act
Banking Operations. The tasks performed in an ops role are totally dependent on which front or middle office team you’re supporting.
We provide Bank Management.
Operations Risk Management
Model Risk Management
Automated Clearing House (ACH)
Client Onboarding and Service Delivery
The Office of the Comptroller of the Currency (OCC) released its bank supervision operating plan for fiscal year (FY) 2022.
OCC Bank Supervision Plan
"The plan provides the foundation for policy initiatives and for supervisory strategies as applied to individual national banks, federal savings associations, federal branches, federal agencies, and technology service providers."
OCC FISCAL YEAR 2022 will FOCUS on
Ethical Reputation, Reputational risk and Damage are key at PDAC. Press Defense Audit is a brand you can trust. We deploy trusted professionals and use non-intrusive research methods/models committed to the clients principles of accountability and integrity.
We aim to deliver based on experience, as well as a vast network of subject-matter resources, to deliver and execute results.
Our industry deliver increased effectiveness and efficiency for organizations and financial institutions as they manage the many risks of compliance and financial crime.
PRESS DEFENSE AUDIT OFFERS ANOTHER LAYER OF SECURITY,ADDITIONAL PROFESSIONAL PLAYERS IN THE INDUSTRY, AND ANOTHER LINE OF DEFENSE TO YOUR TEAM.