Companies Offer Anti-Money Laundering Courses And Audit Services

Posted by Orb Staff on April 11, 2013 No Comments
Categories : FYI

Exchange Analytics and EA Compliance, both based in Highland Park, Ill., are now offering online courses and audit services to provide nonbank residential mortgage lenders and originators with anti-money laundering (AML) support.

Conducting an independent audit of the AML program and annual AML training is required for nonbank residential lenders and mortgage originators as mandated by the Bank Secrecy Act and is enforced by the U.S. Department of the Treasury.

‘Our online courses provide AML education and certification and guides nonbank residential mortgage lenders and originators through the four elements of AML compliance,’ says Larry Israel, co-founder of both companies. ‘These elements are the development of internal policies, procedures and controls, the designation of an AML compliance officer, ongoing employee training and yearly independent audits of your anti-money laundering program.’

Exchange Analytics and EA Compliance also announced the launch of their new blog to provide up-to-date news, announcements and commentary on the ever-evolving landscape of AML compliance.

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