Summary

BSA/AML/OFAC Risk & Review

BSA/AML/OFAC Risk Assessment & Audit

Developer:RegSmart

Overview

Automated BSA Risk Assessment

Automated BSA Risk Assessment

Welcome to RegSmart—the most efficient, effective way to create a compliant BSA risk assessment on the market today. RegSmart accepts data via intuitive wizards, API or CSV import. Its proprietary algorithm identifies money laundering risks of operations, locations, products, customers and more and creates reports for management and examiners in less than 30 seconds. It’s simple, fast, efficient, compliant, and complete. And, we invite you to try before you buy.

Features and Benefits

Invest 80% less time

RegSmart collects AML risk data via intuitive wizards, API or CSV and organizes the data automatically—saving time and money.

Complete reports in 30 seconds

RegSmart creates a complete, customizable risk assessment in less than 30 seconds.

Save Time, Save Money

RegSmart takes a predictable, systematic approach to BSA/OFAC risk assessments, audits, and exam prep. It saves material time and money on your first risk assessment and audit/exam cycle. After that, it reduces assessment audit/exam time by up to 90%.

Increase Compliance

Starting with a risk assessment, RegSmart evaluates inherent and residual risk of all your locations, products, services, customer profiles, training, and BSA administration. The RegSmart audit (“A to Z” best practices guide) covers the 16 critical areas of BSA/OFAC compliance with Yes or No questions and plenty of help and best practice advice.

Proprietary Risk Algorithm

Harness the power of data! RegSmart’s proprietary risk algorithm analyzes categorical and institutional risk based on real time data

State of the Art, Intuitive, Concise, Complete Reporting

Communicate to auditors, executives, the board, and regulators the inherent risk of your business, controls, and residual risk in complete, easy to understand reports available in real time. A custom reporting engine exports portions or all data from the risk assessment application in customizable narrative reports.

Resources

RegSmart

Additional Information