Anti-Money Laundering (AML) Compliance Program

Oyster has a team of experienced industry practitioners and former regulators focused on Anti-Money Laundering

Staying on top of the changing regulations, professional criminal tactics and evolving technology requires the time and dedication that our employees possess.

The Oyster Difference

Oyster Consulting realizes that each AML program is unique. Our compliance professionals will create a customized program aligned to your firm’s business model and operating environment, while adhering to all requirements and best practices of FINRA Rules, Customer Identification Program (CIP), Financial Crimes Network (FinCEN), Office of Foreign Assets Control (OFAC), and the USA PATRIOT Act and the Bank Secrecy Act.

Regulatory Background

Broker-dealers are required under FINRA Rule 3310 to establish and maintain an Anti-Money Laundering (“AML”) Compliance Program.

Outsourcing your AML program minimizes your risk while protecting your firm and clients. Let Oyster manage your program so you can focus on running your business.

Our Process

Step 01

Discover

We listen to your goals and priorities. We create transformative change by inviting a two-way discussion.

Step 02

Plan

We customize your project by creating a scope and timeline to deliver the best experience for your team.

Step 03

Implement

Oyster maintains consistent communication to monitor and reinforce project goals while completing project deliverables.

Step 04

Deliver

Whether your need is ongoing consulting or project based, Oyster will deliver a quality product that encapsulates your goals and expectations.

AML Program Review Categories

AML Program Approval and Oversight

Bank Secrecy Act (“BSA”) Compliance

Customer Identification Program (“CIP”)

Financial Crimes Enforcement Network (“FinCEN”) Information Requests/Sharing

Review of Accounts, Including High Risk Accounts

Office of Foreign Assets Control (“OFAC”)

Suspicious Activity Reporting