WHAT MAKES US DIFFERENT?


ARC Risk and Compliance is a consulting company comprised of a team of AML Specialists completely focused on anti-money laundering (AML) compliance and the technologies used to support compliance programs. We have hired, trained and dedicated our team to AML compliance and regulations. Our team is comprised of former regulators, BSA offificers, technology offificers, and project managers. Since our specialty is AML, we can assist fifinancial institutions, credit unions, money service businesses, insurance companies, and broker-dealers through a variety of services.

Exclusively AML-Specialized Company

Dedicated team in AML compliance and software supporting AML programs, including:
BSA/Transaction Monitoring, OFAC/ Sanctions Screening, KYC/CDD/EDD and FinCEN 314(a)

Bridge the Gap Between AML Compliance and Technology

Understand how technology works, it’s limitations, ways we can work through it, compliance regulations and guidance, and why it’s important to an AML program

Supported by a Tri-Ally Approach

 

Each project team is incorporated with a dedicated project manager, a compliance expert, and a technical expert for a more thorough work product and experience


 

OUR SERVICES

 

VALIDATION AND REVIEW

AML MODEL VALIDATION

According to the guidance provided by the Office of the Comptroller of the Currency (OCC), Federal Deposit Insurance Corporation (FDIC), National Credit Union Administration (NCUA), and The Federal Reserve System on model risk management, “the use of models invariably presents risk” and the risk presents itself typically in two aspects: there may be fundamental errors or it’s being used incorrectly. It is for this reason, how a model validation is conducted is what matters the most. Valuable model validations are independent, completed by experts who understand the use of a model, and review all related parts of the model. More specifically, an anti-money laundering model is not the same as a credit risk model.

 

Learn More

AML GAP ANALYSIS

Our AML Gap Analysis is a methodical and detailed examination of your institution’s BSA policies and procedures in line with the most current FFIEC BSA/AML Examination Manual. We begin with a review of the institution’s AML Risk Assessment to understand the make-up of the customer base, the geographic reach of the institution and its customers, and the products and services offered, in order to construct a review plan which mirrors the composition of the customers, geography and products and Services. In addition to the policies, procedures, and processes of your BSA/AML compliance program

 

Contact Us