MSB Compliance, Inc. specializes in crafting tailored, enterprise-level risk assessments that help its clients identify and mitigate financial crime risks arising from its business  nature of transactions, and flow of funds. MSB Compliance, Inc.’s process uncovers potential risks, examines existing mitigation policies, procedures, and controls, and identifies gaps that could expose your business to financial crime and compliance risks.

 

MSB Compliance, Inc. partners with Arctic Intelligence and uses its innovative enterprise-level risk assessment platform to perform risk assessments for its clients. MSBCI  has developed tailored risk assessment content for use on the platform which  integrates the National AML Priorities, criminal typologies, and industry leading practices. This ensures your organization stays ahead of emerging risks while maintaining robust, risk-based compliance programs, including effective transaction monitoring and sanctions filtering.

 

Key Steps in the MSB Compliance, Inc. Risk Assessment Process:

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• Current Business Model Review: assessment of the current business model, transaction activity, and funds movement to understand potential compliance risks

• Review of Anticipated Changes: evaluation of the impact of anticipated changes on the risk profile 

• Evaluation of Current Controls: testing of the design and control effectiveness of the existing control framework 

• Risk Mitigation Guidance: provision of strategic recommendations for strengthening risk mitigation processes and controls

• Comprehensive Risk Assessment: leveraging a deep understanding of the clients business, delivering a detailed risk assessment that addresses fraud, money laundering, terrorist financing, and sanctions evasion risks.

 

MSB Compliance, Inc.’s goal is to ensure your compliance program is not only aligned with regulatory requirements but also capable of addressing evolving risks. MSB Compliance Inc. collaborates closely with your team, providing insightful guidance at every stage of the risk assessment process.