Selecting and configuring a new software or electronic program can be a hassle. ARC Risk and Compliance has perfected the processes of installation/implementation, conversions, upgrades, testing, and anything else needed to get your software up and running the way your AML program requires.

RFI/RFP Creation and Process Services

With pre-generated templates for most major AML products, and a process that helps ensure impartiality, we can help your organization effectively score proposals and make a clear objective decision based on your needs.

Functional Requirements Documentation

It is necessary that AML systems be implemented or upgraded correctly the first time; otherwise the resulting system may not function properly, or worse, may result in an MRA or even a look-back.  Our extensive experience with complex AML systems means that we will produce documentation that guides a successful implementation and configuration in even the most complicated AML environments.

Business Requirements Documentation

A critical component of every project is a clear and concise Business Requirements document. Our AML analysts examine business needs and processes, in conjunction with regulatory requirements, to produce a comprehensive Business Requirements Analysis. This document serves to assist in setting clear and distinct project boundaries and deliverables. In turn, the key stakeholder can confidently sign off on project deliverables.

Implementations/Conversions/Upgrades

Whether upgrading, migrating, or employing a new AML system, our extensive experience in implementation, configuration, and training on a broad range of AML systems can be leveraged to lead, or assist, your team in bringing a successful project to completion.

Testing Services

We provide comprehensive testing of your AML systems, including BSA, OFAC, CDD/KYC/BO, and FinCEN 314(a) functions. This service is commonly used to compliment the implementation of new features, interface changes, or software upgrades.

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