Financial Services
financial crime consulting

SECTOR
Financial Crime Solutions

SECTOR
Financial Crime Solutions

Independent Review

Enforcement actions and penalties continue to expose systemic failures and areas of noncompliance within a financial institution’s Bank Secrecy Act/Anti-Money Laundering (BSA/AML) program and Office of Foreign Assets Control (OFAC) program. Additionally, internal investigations or audits may illuminate areas of potential weakness or concern. Institutions often face challenges such as resource and technology constraints, outdated or improperly scoped internal testing programs, or limited knowledge of industry trends and complex regulatory requirements. With vast BSA/AML and OFAC knowledge and experience, visibility into industry trends and best practices, and knowledge of the evolving regulatory landscape, Guidehouse serves as a strong, independent compliance review consultant to meet your regulatory testing obligations. Guidehouse helps clients proactively identify deficiencies ahead of regulatory examinations, validate corrective actions, or advise and assist with remedial efforts that will withstand the scrutiny of regulators and prosecutors.

Similarly, federal, state, and local government agencies are becoming increasingly proactive in appointing monitors to oversee major public works projects to ensure on time completion, within budget, and without corrupt influences. Federal and state courts have also turned to monitors to enforce consent decrees entered by public and private litigants to ensure that the terms are faithfully carried out. Guidehouse’s integrity-monitoring team includes subject matter experts from a variety of industries and disciplines who have the experience and judgment to assist corporations, government agencies, and courts in successfully rehabilitating companies, overseeing major public works projects, providing forensic support to investigations, and ensuring the implementation of court-approved settlements.

Independent Consultant

In response to heightened regulatory scrutiny of BSA/AML and OFAC programs, financial institutions worldwide turn to Guidehouse’s experienced professionals to assist with the development, testing, and enhancement of effective and efficient compliance programs. By leveraging knowledge of the evolving regulatory landscape, visibility into industry trends and best practices, and the right technology, Guidehouse professionals develop customized, achievable, transparent, and sustainable solutions to protect institutions against financial crime. Guidehouse is dedicated and focused on providing a fair and unbiased evaluation, ensuring that a compliance program meets all regulatory requirements under the law. We help clients proactively identify and mitigate any deficiencies ahead of regulatory examinations, independently validate corrective actions, or advise and assist with remedial efforts that will withstand the scrutiny of regulators and prosecutors.

Internal Audit & Quality Assurance Support 

As one of the “Five Pillars” of an effective AML compliance program, independent testing is critical to identify BSA/AML and OFAC program deficiencies and ensure compliance with regulatory program requirements. Guidehouse’s multidisciplinary independent team of financial crime experts, technology experts, internal auditors, and compliance professionals customize sound, dynamic, and targeted approaches to assess the health and effectiveness of any area within a financial institution. 

Compliance Monitorships

Guidehouse has established a reputation as a leader in reviewing, assessing, and enhancing compliance programs for diverse organizations throughout the world. Guidehouse provides these services both in response to an organization’s proactive request and as a court- or government-mandated compliance monitor or independent compliance consultant, responsible for overseeing and assessing an organization’s remediation plans and/or remediation efforts to enhance its compliance program. Guidehouse has extensive experience working directly with both the client and government agency to identify and communicate potential deficiencies within the organization’s compliance program and make recommendations to resolve the issues. We employ a “trust but verify” approach to ensure an unbiased and independent review.

Integrity Monitorships

Guidehouse has extensive experience in serving as an integrity monitor, and in similar capacities, for various government agencies and public authorities across a variety of sectors, including the New York State Department of Financial Services, the New York County District Attorney’s Office, the U.S. Department of Justice, the U.S. Securities and Exchange Commission, and other federal and state agencies.

Guidehouse’s team includes former federal and state law enforcement agents and prosecutors, forensic accountants, and subject matter experts from a variety of industries and disciplines who have the experience, judgment, and expertise to assist corporations, government agencies, and courts in successfully rehabilitating companies, overseeing major public works projects, and ensuring the implementation of court-approved settlements. Guidehouse’s professionals also assist federal and state government agencies in pursuing investigations on behalf of the government and in providing forensic support to government investigations.

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