Industry Experience: Financial Services
M Squared has provided winning solutions to financial services companies for almost two decades.
Distingished Financial Services Strength
- We serve some of the top financial services companies in the country.
- M Squared consultants have provided consulting services to many leading financial institutions such as: Bank of America; Washington Mutual; Bank of New York; Mellon Private Asset Management; Morgan Stanley; HSBC Bank USA; and many others. Click here to see additional M Squared clients
- Collectively, our team has over 300 years of BSA/AML compliance and regulatory insight and experience.
- We are a pioneer in the industry.
- We have delivered more than 400 solutions to our financial services customers in the last few years alone. Experience matters.
- M Squared's BSA/AML practice is complimented by M Squared's management consulting network of more than 14,000 senior-level professionals.
Client Project Examples
BSA/AML Look Back Investigation
To support a private bank operating under an MOU from the OCC, M Squared quickly deployed a team of investigators and a team lead. The M Squared team worked with the bank's Relationship Managers to perform a two-year look back on account activity as well as meeting Enhanced Due Diligence (EDD) and Know Your Customer (KYC) requirements with existing and new accounts that are considered to be at high risk per BSA/AML policy.
Quality Control Review
To organize and expedite BSA/AML investigations work in a commercial bank, we provided project management, BSA/AML expertise and compliance officers, focusing on KYC and customer risk rankings. We also provided recommendations to improve policies, procedures and systems to support ongoing compliance operations in the Bank's Trust Custody group.
Suspicious Activity Investigations
To meet KYC and AML requirements under the USA Patriot Act, we reviewed wire transfer activity for high-risk customers. We were responsible for validating the transactions, developing Suspicious Activity Reports (SARs) and revising the customer risk ranking, as necessary, based on investigations.
Customer Risk Ranking/Data Evaluation
We were responsible for evaluating customer risk ranking by reviewing activity and utilizing commercial databases, public records and other sources, enabling our client to meet BSA/AML requirements.
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