AML/USAPA/OFAC Independent Audit

Triac is available to conduct an independent audit focusing on key required areas such as the adequacy of the institution's AML program, including internal controls, independent testing, proper designation of a compliance and training for appropriate personnel, the institution's completed CTRs, the exemption system, Suspicious Activity Reports and suspicious activity monitoring systems if used, monetary instrument sales tracking system, wire transfer procedures and practices, record keeping compliance systems, OFAC monitoring system and Customer Identification Procedures

Information Security Risk/Privacy (Gramm-Leach-Bliley Act)

Triac is available to assist financial institutions with adherence to Information Security Risk/Privacy audits. In general, we would assess the quality of the institutions compliance management policies and procedures for implementing the privacy regulation, specifically ensuring consistency between what the bank tells consumers in its notices about its policies and practices and what it actually does. We would evaluate such areas as the institutions use of internal controls and procedures for monitoring the institution's compliance with the privacy regulation, documentation of required practices and disclosures, adherence to the exercising of consumer rights, etc. We would utilize the FFIEC regulatory examination procedures for conducting such reviews.Identification Procedures