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Responding to a Regulatory Directive or
Enforcement Event

Even the most thoughtfully conceived anti-money laundering program cannot prevent all illicit money from entering an organization. In addition, expanded US financial regulations have led to increased scrutiny and enforcement efforts by the regulators. As a result, more and more financial institutions have been faced with cease and desist orders that mandate intensive internal investigations within very tight deadlines, often within 120 days. IPSA assists financial institutions in negotiating regulatory agreements and in developing and implementing corrective action plans that support long-term compliance efforts and sound operational procedures in the context of a regulatory directive or enforcement action. From the moment a regulatory action related to money laundering is initiated, the affected financial institution is forced to make critical decisions quickly and efficiently.

Due to this emerging regulatory trend, IPSA formed the REACT Team – Regulatory Emergency Assessment Consulting Team – which serves as a rapid deployment team of professionals that comprise anti-money laundering investigators, former Federal agents and regulators, bank compliance officers and information technology specialists that can be located on-site within days of the regulatory emergency’s occurrence. IPSA’s REACT Team will initiate and oversee comprehensive internal investigations including:

• review of account opening documentation
• transactional analysis
• currency Transaction Report (“CTR”)
• suspicious Activity Report (“SAR”) filings; and
• preparation of reports for government regulators

In addition, the REACT Team will facilitate and coordinate the institution’s communications with the regulators and law enforcement and serve as a vital liaison with representatives from the government agencies.

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