Financial Crime Consulting Services

The current financial crimes environment has zero tolerance for inadequate risk management programs and we continue to see increasing regulatory action for institutions with program weaknesses. To assist with managing these risks, many institutions have implemented BSA/AML, Fraud and OFAC systems that the examiners consider models and thus require FRB: SR 11-7/OCC: 2011-12/FDIC: FIL-22-2017 compliant independent model validations.

VBC provides comprehensive BSA/AML, Fraud and OFAC model validation services that are customized to meet each institution’s needs while adhering to and meeting all mandated regulatory guidelines. Our qualified CAMS specialists combine a risk-based approach with qualitative and quantitative validation methodologies to ensure the accuracy of data inputs and to offer strategies to enhance model processing and output efficiency.

Vendor Models, Systems and Solutions

We have extensive experience in validating all vendor models, systems, and solutions including:

  • Abrigo BAM+
  • FIS Prime Compliance Suite (PCS)/AML Compliance Manger
  • Fiserv Financial Crime Risk Management (FCRM)
  • GlobalVision Patriot Officer
  • Jack Henry Yellow Hammer
  • Verafin
  • NICE Actimize
  • SAS AML

 

Our clients include Institutions offering risk-sensitive services such as:

  • Electronic Banking
  • Correspondent Banking
  • Third Party Payment Processors (TPPP)
  • Money Services Business (MSB)
  • Marijuana Related Business (MRB)
  • Digital Currency

Financial Crimes Advisory Services

In addition to BSA/AML model validations, VBC also provides the following affiliated services:

  • BSA/AML Model Implementation Consulting
  • System Parameter Analysis
  • Fraud and/or OFAC Model Validation
  • Compliance Program Development and Assessment
  • BSA/AML/OFAC Risk Assessment Development

VBC Financial Crimes Professionals Profile

  • Certified Anti-Money Laundering Specialists (CAMS)
  • Certified Fraud Examiner (CFE)
  • Former bank compliance and operations executives
  • Former internal and external financial institution auditors

Contact Us

From modeling and stress testing, model validations and back-testing, deposits and loan analytics to strategic consulting and advisory services, we deliver the most comprehensive and robust solutions and reports in the industry.

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