| ICS provides a variety of specialized services to support the compliance needs of large banks. Large multi-national banks, bank and financial holding companies, integrated financial service firms and foreign banks with U.S. operations all benefit from experienced ICS professionals that can assist with a range of unique needs. |
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Compliance Program Review |
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ICS will review your institution's compliance program to determine whether it meets the standards established by the Basel Committee on Banking Supervision and the federal banking agencies. Upon completion of the review, ICS will provide a point-by-point report on the results of our review, recommend the most effective structure, and assist in implementation.
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Compliance Risk Assessment |
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ICS will review financial institution business operations to identify potential compliance risks and develop and implement appropriate solutions and controls. These services are provided on a company-wide basis or for specific products, services, regulations, or lines of business.
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Compliance Consulting on Transactional or One-Off Issues |
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ICS's expert team of former bank examiners, compliance officers and regulatory attorneys can provide clients with exceptional insights and practical advice on a wide range of transaction-related or other specific issues.
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Bank Secrecy Act / Anti-Money Laundering |
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Money laundering detection and prevention are critical elements of a financial institution's compliance program. An effective anti-money laundering strategy will help minimize exposure to transaction, compliance, and reputation risk and avoid the risk of fines and other enforcement actions by federal and state regulators.
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CRA / Fair Lending |
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CRA is an important consideration in any regulatory application, including mergers, acquisitions and new branches. In addition, the Gramm-Leach-Bliley Act emphasizes the importance of a bank's CRA performance in determining which banks will be permitted to expand their business beyond normal bank activities. We can help you monitor your performance periodically and make adjustments to address any deficiencies.
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Laws & Regulations Matrices |
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For large institutions, the expectation of regulatory agencies with respect to the degree of detail in compliance programs is greatly heightened. ICS's comprehensive approach to assisting client's develop a sophisticated compliance program can help you satisfy this expectation.
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Examination Assistance |
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Regulatory examinations are the most critical tests faced by banking institutions and their holding companies. ICS offers a unique approach to assisting with the regulatory exam process.
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Compliance Training Development & Delivery |
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Ensuring that staff understands the compliance rules that apply to the activities in which they are engaged is essential to minimizing compliance risk. ICS helps clients meet this need by designing effective compliance training programs and conducting training for your staff.
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Review of Advertising & Other Marketing Materials |
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Advertisements and other marketing materials, whether developed for print, the broadcast media or electronic dissemination, are subject to a variety of regulatory constraints as to content, the use of specific words, and to whom certain materials are distributed.
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Compliance
Reviews |
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Compliance reviews performed by an independent third party unbiased by internal corporate pressures are an excellent means of identifying potential compliance risk and avoiding the consequences of a compliance failure.
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Compliance Administration |
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There are many reasons for financial institutions of any size to consider outsourcing the administration of all or a portion of their compliance programs.
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