Review
ARC Risk and Compliance is a consulting firm that specializes in anti-money laundering (AML) compliance. They offer a broad spectrum of services, catering to businesses that need assistance in navigating the intricate world of AML regulations. Their team is composed of AML specialists with extensive training in various areas such as BSA and transaction monitoring, OFAC and sanctions screening, KYC, CDD, EDD, and 314(a), ensuring clients receive expert guidance and support.
ARC Risk and Compliance's approach to AML consulting is all-encompassing. They provide services such as AML model validation, look-back services, AML risk assessment, staff augmentation, program outsourcing, system tuning and optimization, and cybersecurity services. This wide array of offerings enables businesses to customize their engagement with ARC to meet their specific needs, ensuring a personalized and effective compliance strategy.
ARC distinguishes itself from other firms by effectively merging IT and compliance. By leveraging expert technology and compliance resources, they ensure a smooth integration of these two vital aspects. This guarantees that businesses not only meet regulatory requirements but also enhance their systems and processes for maximum efficiency.
The team at ARC Risk and Compliance is not only proficient in AML regulations but also has a wealth of industry experience. Their staff includes former regulatory and banking executives, providing a unique perspective and understanding of the challenges faced by businesses in the financial sector. This expertise enables ARC to offer valuable insights and guidance to their clients, assisting them in navigating the ever-evolving landscape of AML compliance.
Alongside their industry-leading software products, ARC's skilled staff ensures that clients receive high-quality service and support. Their dedication to excellence is reflected in their aim of providing comprehensive AML consulting services. By integrating their software solutions with the expertise of their team, ARC Risk and Compliance provides a comprehensive approach to AML compliance that is both effective and efficient.
In conclusion, ARC Risk and Compliance is a dependable and trustworthy partner for businesses seeking AML compliance solutions. Their wide range of services, expert team, and dedication to excellence make them a top choice for businesses looking to navigate the intricate world of AML regulations.
Fast Facts
- ARC Risk and Compliance is trusted by over 120 financial institutions of various sizes.
- The company specializes in a range of compliance services including BSA and Transaction Monitoring, OFAC and Sanctions Screening, and KYC.
- ARC Risk and Compliance also provides Customer Due Diligence (CDD), Enhanced Due Diligence (EDD), and 314(a) related services.
- Their expertise is in helping financial institutions meet regulatory compliance requirements.
Products and Services
- AML Model Validation: This service involves the evaluation and validation of a business's existing AML models, ensuring they are accurate, effective, and compliant with the latest regulations.
- Look-Back Services: ARC provides retrospective analysis of previous transactions to identify potential regulatory violations, helping businesses to rectify past mistakes and avoid future ones.
- AML Risk Assessment: This comprehensive service evaluates a business's exposure to AML risks, helping to identify vulnerabilities and implement robust strategies to mitigate potential threats.
- Program Outsourcing: ARC offers complete outsourcing of a business's AML compliance program, taking over the responsibility of ensuring that the business meets all regulatory requirements, thus allowing the business to focus on its core operations.
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