Service Highlights: The M2 Difference
M² provides deep experience in workflow processes of all compliance efforts to eliminate wasted time and effort which frees up your sales team from burdensome administrative activities so they can focus on revenue generation.
Our difference is a focus on your unique need, and providing a custom solution to that requirement. Whether there is a need for the creation of a comprehensive AML program integrated with all business processes or an immediate requirement for a point solution such as remediation services, M² can help.
In addition to providing the right solution, it is the experience of our people that makes the difference in the effectiveness of the solution. M² consultants collectively have over 300 years of BSA/AML compliance and regulatory experience.
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Regulatory
Remediation Services
M² consultants collaborate with financial institutions to respond to regulatory requests by providing remediation services. We have the depth of resources and breadth of knowledge available on demand to handle remediation of customer activity and profiling in response to regulatory enforcement.
Risk Assessment
Our consultants have expertise in risk assessment of customer accounts. We provide oversight to banks in the establishment and implementation of a risk ranking system that is compliant with regulatory requirements under the USA Patriot Act. This includes risk rankings and classification of risk levels associated with client accounts.
Examination Preparation
Our expert consultants are former examiners, auditors, and compliance directors for major financial institutions. They can prepare your organization for its upcoming exam by reviewing existing policies, procedures and organizational structure to ensure your exam is a success.
Compliance Programs
M² partners with risk and compliance departments to structure effective compliance programs that takes into account your customer base, product offering and demographics. One size does NOT fit all, and we rely on our knowledge base of diverse banking clientele and strategies to create the right program for your compliance needs.
Customer Due Diligence
We provide knowledge of industry best practices for Know Your Customer (KYC) and Enhanced Due Diligence (EDD). Our approach to due diligence ensures that you are getting the right information that you need for each client to make compliant and prudent decisions regarding the new account opening process.
Transaction Review
M² offers experience in performing transaction reviews to comply with Anti-Money Laundering (AML) rules and regulations. Our team of transaction review specialists consists of former FBI, DEA and IRS agents as well as other senior consultants.
Policies and Procedures
We have extensive experience in writing, developing and reconfiguring policies and procedures to ensure compliance with all areas of BSA/AML and the USA Patriot Act. We monitor the impact of new regulations and their effect on how your compliance department functions.
AML Technology
Software Implementation
Implementing new AML software? Are you unsure of which vendor to select? Our independent group of software experts will guide you through the process of vendor selection, implementation and integration to make sure you are getting the most out of your system.
Systems Integration
We provide expertise in the integration of your AML software, CRM and existing new accounts systems to optimize the flow of information and integrate data from multiple sources to provide you with visibility and transparency in the decision making process.
Data Warehousing
M²'s experienced project managers and business analysts can help you archive historical information to satisfy record retention requirements and effectively analyze of the customer/transaction review process.
Change Management
Workflow Design
M² provides deep experience in workflow processes of all compliance efforts to eliminate wasted time and efforts which frees up your sales team from burdensome administrative activities so they can focus on revenue generation.
Process Improvement
Do you need to strengthen your current processes? M² can help identify, analyze and improve existing processes to help meet your business goals and objectives. M² uses specific methodologies to create successful results.
Change Management
We work with Chief Compliance Officers to develop an integrated approach to compliance. Change the culture of your bank today by creating an awareness of compliance factors in your risk analysis and pricing models by effectively implementing firm wide modifications in the culture of your bank with respect to compliance.
Training
M²'s consulting team consists of former directors and managers of compliance departments of major banks and financial institutions. We can provide customized training for new and existing staff on effectively managing regulatory issues that are part of the daily operations of your compliance department.
Audit
Independent Testing
Our team of former examiners (OCC, SEC and NASD) and auditors can provide an independent resource to monitor and review existing processes and transactions. We have provided an objective voice to banks that want to ensure compliance with the USA Patriot Act in their ongoing customer investigative activities.
Management Review
We work with management to develop and implement procedures to ensure daily operations satisfy regulatory requirements.
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