Expert Business Solutions for Your Success
About
our company
BSA Services, Corp are a team of professional certified Anti-Money Laundering Consultants. Our professionals have advised all types and sizes of financial institutions, including US Money Services Business (MSB). Clients range from large and complex global institutions to small family business including all US and international.
Customers that we advise are regulated by FinCEN, state banking departments, the Office of the Comptroller of the Currency (OCC), Federal Reserve, Federal Deposit Insurance Corporation (FDIC), among others. We provide comprehensively exposure to varying standards and best practices in the global marketplace. Our professionals have advised financial institutions in the development and enhancement of programs to ensure compliance with the BSA, USA Patriot Act, Know Your Customer guidelines, suspicious transaction monitoring, Office of Foreign Assets Control (OFAC) screening requirements, etc.
Our professionals had been conducted over 300 independent reviews for MSB business and high risk customers. With more than 13 years in business they have earned recognition in the MSB industry. Credentials also include ACAMS and FIBA certifications.
Our Services
BSA Services Corp provides specialized compliance solutions for Fintech companies, Money Transmitters, Currency Exchanges, Check Cashers, Money Order Issuers, and other MSBs, as well as institutions that require Compliance Oversight Agent Visitation services in the United States and internationally.
Federal Registration & State Licensing
We assist financial businesses in obtaining and maintaining the required state licenses and federal registrations, including Money Transmitter, Check Casher, Currency Exchange, Money Order Issuer, and related MSB activities. Our guidance ensures a smooth licensing process aligned with regulatory expectations.
AML / BSA / OFAC Compliance Programs
We design and implement customized AML/BSA/OFAC compliance programs tailored to your business model. Our policies, procedures, and internal controls ensure compliance with:
Bank Secrecy Act (BSA)
USA PATRIOT Act
Know Your Customer (KYC) requirements
Suspicious Activity Monitoring
OFAC Sanctions Screening
Applicable State Regulations
BSA/AML/OFAC Employee Training
We provide industry-specific training programs for employees, ensuring staff understand their compliance responsibilities and are prepared to identify and report suspicious activities.
Independent Review & Independent Testing
We conduct comprehensive independent reviews and testing of your AML/BSA/OFAC compliance program, including:
Policy and procedure assessment
Transaction testing and monitoring evaluation
Identification of compliance gaps and regulatory risks
Our reports are designed to meet the expectations of regulators, banks, and partner institutions.
Compliance Activity Monitoring
We offer ongoing monthly compliance supervision, including:
Transaction monitoring oversight
Verification that reports (CTRs, SARs, etc.) are filed timely
Review of unusual activity detection
Compliance calendar management and renewal reminders
Maintenance of required compliance documentation
Compliance Oversight Agent Visitation (U.S. & International)
We perform on-site compliance visits on behalf of financial institutions, program managers, and partners to evaluate the operational and regulatory compliance of agents, branches, and counterparties both domestically and abroad.
Additional Services
Risk Assessment & Custom Policy Design
Evaluation, assessment, and development of tailored BSA/AML/OFAC policies and procedures based on the specific risks of your industry and operational model.
Regulatory Support & Examination Preparation
We assist clients facing regulatory inquiries, enforcement actions, fines, or subpoenas, working alongside outside counsel when necessary. We also prepare businesses for state and federal examinations, ensuring accurate and timely responses that reduce regulatory exposure.
Industries
Money Services Business:
Check Cashing, Currency Exchangers, Money Transmitter, Payday Lenders.
Money service businesses (MSBs) are required by FinCEN and some States to implement Bank Secrecy Act (BSA)/Anti Money Laundering (AML) Compliance Programs effective to prevent their businesses from being used to facilitate money laundering or terrorist activities.
Money Services Business are required by law and their financial institutions to obtain a Third Party Independent Review of their BSA/AML Compliance Program.
Money Services Business are required to complete a periodic compliance officer training and employee training as a part of an effective BSA/AML Compliance Program.
Banks and Credit Unions:
Banks with a portfolio of high risk accounts, including PEPs, PICs, Import/Export, MSBs, etc required implementing and updating effective BSA/AML Compliance Programs to ensure that their customers are not facilitating money laundering or terrorist activities.
Financial institutions require ensuring that their high risk customers have a Third Party Independent Reviews of their BSA/AML Compliance Programs. We offer a highly detailed review that will confirm effective anti money laundering policies and procedures, and uncover any potential deficiencies in the program that can affect the Financial Institution risk.
We also provide assistance to banks in special projects such KYC, EDD, PEP, OFAC, Media Search, Look-Back Reviews and transaction analysis.
Foreign Business/individuals:
Any international entity or individuals that have business relationship with US Money Services Business, or have business with US companies or individuals who plan to bring large amounts of cash or other valuable instruments into the US for commercial, familiar or investment purposes.
Since the US Custom is very strict to ensure that visitors are not conducting or facilitating money laundering or terrorist activities it is important to understand the process to import any type of currencies or valuable instrument in person, we will assist our customers in this process.
Other Industries
Dealers in Precious Metals, Stones or Jewels:
Dealers in precious metals, stones or jewels are required to establish an anti-money laundering program that comprises the following four elements:
Policies, procedures and internal controls, a compliance officer who is responsible for ensuring that the program is implemented effectively; Ongoing training of appropriate persons concerning their responsibilities under the program; and Independent testing to monitor and maintain an adequate program.
Our firm provides assistance to this industry to ensure that comply with all the requeriments.
Import/ Export and high risk industries:
Some companies are more exposed and are more vulnerable to being victims of money laundering or terrorism, for this reason they need special policies and procedures to prevent from illegal practices. Our company develops policies and procedures according to the level of risk that they have, whether due to the type of industry, clients or their location, especially in countries classified as high risk.
Follow us on social
Contact Us
Interested in working together? Fill out some info and we will be in touch shortly. We can’t wait to hear from you!