Services
Compliance and risk services for financial institutions
We support BSA officers, compliance and risk leaders, and executive teams with focused engagements or ongoing advisory support.
BSA/AML Compliance
BSA/AML Compliance
A sound BSA/AML program rests on an accurate understanding of risk and on controls that work in practice. We help institutions build, assess, and strengthen each pillar of the program.
Discuss BSA/AML ComplianceProgram development
Design or refresh of BSA/AML/OFAC programs, including internal controls, governance, the BSA officer function, and training, scaled to the institution’s risk profile.
BSA/AML and OFAC risk assessments
Development or update of institution-wide risk assessments covering products, services, customers, and geographies, with clear methodology and documented conclusions.
Independent testing support
Support for independent testing of the BSA/AML program, including scoping, testing, and reporting, or readiness reviews ahead of a test. We confirm independence requirements are met before accepting any testing engagement.
Customer due diligence (CDD/EDD)
Customer risk rating models, CDD and beneficial ownership procedures, enhanced due diligence for higher-risk customers, and ongoing monitoring.
Sanctions and OFAC compliance
OFAC risk assessments, screening procedures, list and fuzzy-match configuration reviews, and alert handling processes.
Transaction monitoring tuning
Review of monitoring scenarios and thresholds, above- and below-the-line testing, data integrity checks, and documentation of tuning rationale.
SAR process
Review and improvement of alert triage, investigation, case documentation, SAR decisioning, quality control, and filing timeliness.
Fraud Prevention
Fraud Prevention
Fraud schemes evolve faster than most control environments. We help institutions understand their exposure and put proportionate prevention and detection controls in place.
Discuss Fraud PreventionFraud risk assessment
Identification of fraud risks across channels, products, and customer types, with an evaluation of existing controls and residual risk.
Control design and enhancement
Practical controls for account opening, account takeover, check, ACH, wire, card, and faster payments fraud.
Detection strategy and rules review
Review of fraud detection rules, alert volumes, and investigative workflows to improve effectiveness and reduce noise.
Fraud and AML alignment
Coordination between fraud and BSA/AML functions, including information sharing and SAR considerations for fraud-related activity.
Policies, procedures, and training
Fraud policies, response procedures, and staff training tailored to frontline, operations, and management roles.
Risk Management
Risk Management
Boards and management need a clear, consistent view of risk. We help institutions build risk management frameworks that are practical to run and useful for decision-making.
Discuss Risk ManagementCompliance risk management frameworks
Design or enhancement of compliance management systems, including oversight, roles and responsibilities, monitoring, and reporting.
Enterprise risk assessments
Structured assessment of inherent risk, control effectiveness, and residual risk across business lines and functions.
Compliance monitoring and testing
Risk-based monitoring and testing programs, testing plans, and workpapers that document results and issues.
Issue management
Processes to track, validate, and close findings from audits, examinations, and internal reviews.
Board and management reporting
Clear risk and compliance reporting that supports informed oversight and documents decisions.
Risk Advisory
Risk Advisory
Strategic decisions often carry compliance and operational risk that is easy to underestimate. We provide objective guidance before, during, and after major changes.
Discuss Risk AdvisoryNew products and services
Risk reviews of new products, services, and delivery channels before launch, including BSA/AML and fraud considerations.
Fintech and third-party partnerships
Due diligence, risk assessment, and ongoing oversight frameworks for bank-fintech and BaaS relationships.
Growth and strategic change
Assessment of compliance readiness for growth, mergers and acquisitions, and expansion into new markets or customer segments.
Interim and advisory support
Interim support or ongoing advisory access for compliance and BSA leaders during transitions or periods of increased demand.
Regulatory Compliance
Regulatory Compliance
Examinations and enforcement actions require preparation, clear communication, and credible follow-through. We help institutions prepare, respond, and sustain remediation.
Discuss Regulatory ComplianceExamination preparation
Pre-examination readiness reviews, document request preparation, mock examinations, and preparation of management for examiner interviews.
MRA and consent order remediation
Remediation planning, project management, action plan development, progress reporting, and validation readiness for Matters Requiring Attention, consent orders, and other supervisory actions.
Policy and procedure development
Drafting, updating, and gap analysis of policies and procedures so they reflect current regulations and how the institution actually operates.
Regulatory change management
Processes to identify, assess, and implement new and changing regulatory requirements.
COASO Risk Partners provides consulting services and does not provide legal advice. Where legal interpretation is required, we work alongside your legal counsel.
Talk with us about your program
Whether you are preparing for an examination, responding to findings, or strengthening your controls ahead of growth, we can help you scope the work and set realistic priorities.