AML Regulatory Response

Timely, Coordinated Response to AML Regulatory Actions

When a bank or other financial services company gets notice of a consent order or other regulatory enforcement notification, prompt and strategic action is essential. Crowe Horwath has extensive experience helping organizations develop and implement a timely, coordinated, and effective response to regulatory consent orders and other enforcement actions related to AML and global economic sanctions laws and regulations.

Crowe supports effective coordination between our clients and their regulators by helping strategically align business practices to the outlined requirements for an effective AML compliance program and helping address the structures in which enforcement actions are most commonly delivered.

Crowe helps banks and other financial services companies address AML and sanctions enforcement actions through the following response actions:

In each AML and sanctions response action, regulatory remediation efforts can put a severe strain on resources and business-as-usual operations. Not only are such efforts urgent and sensitive, they also involve numerous stakeholders and work streams, with rigid compliance deadlines. Our AML and sanctions compliance teams can take a comprehensive, coordinated approach to helping you address all phases of the enforcement life cycle, including:

  • Initial consent order response
  • Developing remediation plans and assisting with management responses
  • Establishing your program management office and support teams
  • Ongoing project execution and monitoring
  • Communication and coordination among all involved, including regulators, senior management, board members, and the affected lines of business

Our approach is designed to help each organization we work with achieve compliance and successfully satisfy regulatory enforcement actions as quickly and efficiently as possible.

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Tom Lazard
Tapan Shah